If you are going home for the summer or taking that internship in New York, you may want to consider subletting your apartment. That way you won’t be paying for an empty apartment you’re not staying in. However, there are some things you may want to consider before you do.
1. Check with your landlord to see if you can sublet. Not all landlords like people subletting their units, and if you sublet without their permission both you and your tenant could be evicted. However, if they do allow subletting and/or you have a good relationship with them, they may let you. In an article we read on eHow.com, they explain that you should only be subletting what you have the right to sublet. This means that, for example, if you have a month-to-month agreement with your landlord, you want to make sure that your are subletting on a month-to-month basis.
2. Talk to your friends to see if they would be interested. It will be significantly easier for you to sublet for a few months to a friend rather than a stranger. That way you can leave some of your personal belongings behind and you don’t have to worry about it. It may also be easier for you to address your concerns with them, and for them to address their concerns with you.
3. If you can’t find a friend, you may want to post up your sublet. At JumpOffCampus we post sublets for anyone looking to sublet their apartment. You can also post up your sublet around your campus to see if anyone at your school would be interested. There may be someone taking summer classes that needs a place to stay for a few months.
4. Set a reasonable rental price. In a blog post we read by Kathleen Corlett on HerCampus.com, you want to set a price that won’t scare off any potential renters. You have to be aware that you probably won’t get the full rent, so you want to take that into consideration. You will most likely get about 75% of the actual rental cost.
5. Whether your roommates are staying for the summer or they aren’t, you want to be sure in considering their opinions. If they are staying for the summer, you want to be sure that they have a hand in deciding whom you will sublet to. As they are the one(s) who will be staying with this person, you want them to be just as happy with your decision as you are. If they aren’t staying for the summer, you want to be sure that you set ground rules togehter for the renter that both of you will be happy with.
6. Meet the prospective tenants. This way you can see who you will be renting to. According to Corlett, there are a lot of rental scams out there. You want to be sure that the person who you are renting to is legitimate and someone you feel comfortable with. You can think of this process as kind of like a job interview.
7. You want to be sure to draw up a written and binding agreement between the renter and yourself. You want to be sure that the tenant agrees to pay the agreed amount each month and that they abide by the terms of your lease that you and your landlord had agreed upon. In this agreement you may want to consider including any ground rules that you have established for the tenant. Be sure to check with your landlord to see if they too have any additions to this agreement, or any additional paperwork they may need you or the tenant to fill out.
8. Get a security deposit from the tenant. This will ensure that you’ll be covered if there is any damage done to your apartment while your tenant is there. you’re not left with a hefty bill or lose out on your own security deposit.
9. Arrange for the tenant to send you money. This way you will make sure the rent is paid directly to your landlord.
10. Make sure to clean up your place before you leave. Cleaning before you leave is considerate, and is a great way to make sure none of your possessions get damaged or lost.
11. Take photos before you leave. That way you can verify what the apartment looked like when you left before the subtenant moved in. You want to be sure to date this photo if it is not already time-stamped. This is just in case any problems arise with damages or other incidents.