Posts Tagged ‘Sublease’

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5 Reasons Subletting Your Apartment is a Bad Idea

Thursday, March 18th, 2010

Subletting your apartment is risky business. That risk is compounded when you sublet to strangers who respond to your ad on the Internet or locally. Some tenants want to sublet to avoid paying rent on a vacant apartment, or as a way to earn extra cash. However, there are 5 reasons why subletting your apartment is a bad idea.

1. Trashed Apartment

Even the best screening in the world won’t tell you whether the person you sublet to you will trash your…

Renting a Residential Property: 4 Lease Clauses to Consider

Wednesday, January 20th, 2010

Lease clauses are pretty much uniform, and knowing what to expect ahead of time can help you prepare for many scenarios. Every lease agreement contains legal language that won’t come into play, until there’s a law suit. However, there are clauses that will apply as soon you sign the lease, and those are the ones you’ll want to know and understand mainly. Here are 4 lease clauses to consider:

1. Restrictions on Pets

You may not have a pet now, but you…

3 Reasons to Inform Your Landlord You Are Subletting Your Apartment

Saturday, January 9th, 2010

Life happens and there are a number of factors out there that could require you to opt for subletting your apartment. Few life transitions or changes line up neatly with apartment lease terms. You could get a job in a new city or hit financial circumstances that make your current apartment unaffordable, leaving you unable to stay the course of your lease.

The likelihood is that most landlords understand this and know that subletting is necessary in a variety of situations.…

Need Extra Cash? Sublet Your Parking Spot

Friday, November 6th, 2009

When you’re strapped for cash, it may be worth considering whether your apartment complex allows you to sublet parking spots. An unneeded parking spot may be the answer to your financial problems.

Is Subletting Parking Spots Allowed?

Apartment complexes vary in their policies for subletting your parking spot. To determine your options, first read your lease. The terms regarding the number of parking spots and your use of those spots should be outlined there.

Apartments with community handbooks may have additional information about…

5 Scenarios when Subletting is the Best Option

Monday, November 2nd, 2009

Subletting is the practice of renting from tenants who have signed a lease agreement with a landlord. The tenant is legally obligated to the landlord for all of the terms covered in the lease, while the person who is subletting is generally obligated to the tenant only. There are situations when you might choose to sublet instead of signing a lease. Here are 5 scenarios:

1. You’re New to the City

Some long distance movers don’t get the opportunity to visit the…