A sublet is a separate rental agreement between the original tenant and a new tenant who moves in temporarily, or who moves in with the original tenant and shares the rent. When you're subletting you continue paying rent to the landlord and your subtenant pays rent directly to you. This gives you the freedom to come back if you want, and it's also the easiest and fastest way to get your rent covered while you live somewhere else.
Why Do People Sublet?
People usually choose to sublet either their entire home or part of their home when they've got extra space or are making some sort of change in their lives that compels them to move.
Renting out a Room
If you have an extra room in your home or apartment where you are the primary leaseholder and you don't want to add a new person to your lease then you can sublet to a roommate. In this scenario, since you’ll be living with your subtenant, you should sign both a sublet agreement and a roommate agreement that formalizes guidelines for how you will treat and behave in your shared home.
Making a Change
If you are filling a room or an entire apartment during a trip, a temporary relocation, or because you want to live somewhere else then you should also sublet. A few of the most common reasons that people choose to sublet are:
- Going traveling for a long or flexible period of time
- Got a new job or a temporary gig in another city or neighborhood
- Doing home renovations
- Starting a new degree program
- Moving in with a significant other
- Breaking up with a significant other
Ready to get a sublet going? We suggest you read through state and city regulations that affect you, make sure you feel safe with your tenant, sign a legally binding sublet agreement and involve your landlord in the right way.
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