TenantsTips / USA / Tips for Successfully Subletting Your Rental Property

Tips for Successfully Subletting Your Rental Property

The need to sublet an apartment or home rental can come about for any number of reasons. For example, maybe you’ve landed a dream job out of town and have to fulfill the terms of your lease, or perhaps you’re going on an extended trip during the summer.

Whatever the reason that’s requiring you to sublet your apartment, it can be a stressful experience, because there are risks associated with the process, although there are also the obvious financial benefits. Subletting does allow renters flexibility, without having to break their lease, and if they follow a few guidelines, typically the process will go much more smoothly.

 

  • It’s important to obtain a landlord’s permission before trying to sublet a property. In some cases a landlord will strictly prohibit subletting a property, and if this occurs, you may want to explore the possibility of helping your landlord find a new tenant for your property. If a landlord does give permission to sublet a property, it’s important to obtain that permission in writing before moving forward to find a new tenant.
  • When subletting your apartment, trust is vital. It’s best to start looking for a tenant that you know, or that is recommended to you by friends or family members. Posting an advertisement should be a last resort, since you’ll probably be more comfortable with someone you’re familiar with and trust.
  • As the person who is subletting your apartment, you’re going to be responsible for what happens under the care of the new renter, so you should conduct a thorough interview process for potential candidates, much as a traditional landlord would do before renting a property. You need to be aware of the person’s employment and income status, as well as who will be living at and visiting the apartment. It’s also a good idea to understand why that person is looking for a short-term housing option, and why they’re not signing their own lease on a rental property. This could be a potential red flag.
  • Create a written agreement. There are numerous websites that provide standard sublet agreements. You should complete this step even if you are subletting to a friend or family member. Items that should be included in a sublease agreement are the dates you’ll be gone and the responsibilities of the subtenant.
  • You should determine how any damages will be handled ahead of time. You may want to include stipulations over damages in the written agreement, otherwise as a renter you’ll be responsible for handling these items. You may even consider charging the person you’re subletting to a small, refundable security deposit, in case you are later responsible for damage they do to the property.
  • Make yourself available to the subletter after you’re gone. Leave your contact information and encourage your subletter to get in touch with you if there are any questions or concerns he or she may have during their stay in the property. The subtenant should also be aware of how to get in touch with the landlord and maintenance, as well as where to send rent checks.
  • Conduct a background and credit check. A background check can be particularly important if you have a roommate who will be living with the subtenant. Credit checks are imperative, because if a subletter doesn’t pay the rent as agreed, you, as the primary renter then become responsible.
  • You need to determine whether you expect your subtenant to pay all of the rental costs, or just a portion. For some renters who are in a hurry, it may be best to offer discounted rental rates for a subtenant, because rather than having the space sit empty, at least you’ll be getting some money.

 

subletting

Regardless of your situation, it’s important to approach a sublease situation with caution, and take all of the necessary steps to ensure it’s a safe, protected experience for both you and your subtenant.



Comments

The importance of references and interview

You emphasized on the importance of running background checks and credit reports. However, the tenants screening process shouldn’t be limited only by those check. References form previous landlords is also a good way to avoid potentially troublesome renters. Thus, property owner can find out whether tenant was honest when answering screening questions or not.
Landlords should also realize the importance of conducting interview with tenants. Simple questions can ensure that property owner and those renting unit are on the same page. Here are 10 questions https://rentberry.com/blog/potential-tenant-interview that help landlords to make the right decision.

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