Ask them the qualities they look for in a responsible renter. Your property manager is an expert in judging a prospect’s character. )Īlso ask your property manager what they look for in a resident. Here’s a link to Wisconsin’s Fair Housing Laws. (Note that you should be aware of fair housing laws: You can’t discriminate. A student? A young professional? Write down two or three types of people who fit your description, so when the prospects come for a visit, you know what you’re looking for. Think about the kind of person you’d want living in your apartment. Start by identifying the person who would be your ideal subletter, then use the marketing and advertising tactics we’ve listed here. Now it’s time to bring in the prospective subletters.
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We interrupt this blog post by including our infographic on how to sublease to a pro wrestler! How to sublease to a pro wrestler in 5 easy steps If you have an individual lease, it’s likely you don’t need permission from your roommates. It’s typically not required, but a good idea. Roommates: If you currently have roommates, ask them to sign a written consent form indicating that it’s OK for a subletter to rent the space. Ask a subletter to complete an inspection form when he or she is moving in, so you can prove any damages. We’d recommend asking for half a month’s rent for a security deposit.ĭamages: You’re responsible for any damages a subletter causes to your apartment. It’s entirely up to you whether or not you request a private security deposit from your subletter, but we recommend it. Security Deposit: Your original security deposit will likely remain with your landlord.
If your renter is going to foot the bill, ask them to make the proper arrangements with the utility company (and be sure to make the utility aware of the new subletter). If you’re going to pay the utilities instead of your subletter, notify either your utility company or your landlord. Utilities: Payment of utilities should be negotiated with your subletter and stated in your rental agreement. Make sure you and the subletter plan on how you are going to return the keys to your landlord. Keys: Your subletter will need keys to the apartment, but you are the one responsible for returning the keys to your landlord. You’re the one responsible for everything associated with it, especially the following items: Even though you’re subletting and you’ve moved out of the rental, it’s still your apartment. The biggest of them all: YOU ARE THE ONE RESPONSIBLE FOR THE APARTMENT. There’s a lot of legal things you need to know when you sublet your place. How Does Subletting Work? Check With Your Property OwnerĮssentially, when you’re subletting an apartment, you’re having a subletter move into your apartment and take over either all or part of your rent payments.
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Be sure to also check out our infographic “Sublet Your Apartment to a Professional Wrestler in 5 Easy Steps.” (See below.) We’ve summed everything up in this video. Step Five: Have Your Subletter Sign the Rental Agreement.Step Four: Screen Your Subletting Prospects.Bonus Content – Infographic: How to Sublet to a Pro Wrestler in Five Easy Steps.Step Two: Understand Your Legal Responsibilities.Here are five easy steps on how to sublet an apartment the right way follow them and you should find success: This post will focus on finding the right subletter, legal issues and marketing your apartment. If you know the steps, you can sublet your place, without losing your shirt financially and avoiding any problems. We’ve also seen many renters do it the right way.
And that’s no fun, in terms of stress and financial pain. As a property management company for over 35 years, we’ve seen plenty of our residents do it the wrong way. Like everything, there’s a right way and a wrong way to sublet. If you’re a renter and you need to move out of your apartment, it’s time to find a subletter.
Finding a Subletter: How to Sublet an Apartment in 5 Easy Steps
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