Last Updated on 2023-07-01
There are many benefits to subletting, but there are also risks to consider.
Careful Postive Reviews from A Single Group
While it may appear convenient to assume a recommended apartment from another person, it is crucial to verify whether the subletter’s recommendations accurately reflect reality. Simply relying on positive reviews about a place with a larger number of residents does not guarantee its superiority. It is prudent to thoroughly explore and compare various options. Moreover, considering feedback from individuals who are not residents of the building, in addition to the subletter’s input, can assist in making an informed decision.
Types of Sublease
- Taking over someone’s remaining lease: This type of subletting requires confirming the condition of the unit and the transfer of the security deposit, among other things.
- Not taking over someone’s lease but taking over their room: Since there’s no need to deal with property management or landlords for moving out, it may be necessary to confirm the cleanliness of the room and clarify responsibilities regarding the condition of the room.
Signing Agreements
- Signing with the landlord: This is a recommended option, although there may be additional fees involved. Both parties have more protection in this case. The subletter can retrieve their security deposit, and the new tenant doesn’t have to worry about contract issues.
- Private agreement: It’s crucial to carefully review the subletter’s original lease, confirm the original lease term, permission for subletting, and clarify matters such as rent payment methods, security deposit transfer, subletter/new tenant’s liability for breach of contract, and rent subsidies (if the subletter is renting at a reduced rate).
Considerations for Sublease
- Verify if there are other tenants in the living room, confirm the composition of roommates, and consider lifestyle habits (e.g., cohabitation of different genders, and frequent gatherings).
- Negotiate the terms of taking over furniture. Pay attention to the market value and condition of the items to avoid being taken advantage of.