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Sublet Rental

When a person needs a place to live for a short amount of time, for example when taking a summer job in a different city, a less costly alternative to an extended hotel stay is to find a sublet rental. People often sublet their homes or apartments when they have time left on their lease but wish to live elsewhere. A sublet rental usually requires a person to sign an official legal document outlining the terms of the sublet, and a landlord or property owner must first be notified and give consent before a sublet rental agreement can be signed. The original tenant then collects rent payments from the new tenant who has taken his or her place in the property, and uses that money to pay rent to the landlord. A sublet rental may be rented unfurnished, or the original tenant may rent out their home furnished. Sublets are also common in commercial properties, as businesses change, move, and grow.

Fast Facts

  • In mid 2009, the median rental price for a sublet in Dallas, TX was $699.
  • New York law states that a furnished rent stabilized sublet property can not be rented for more than the stabilized rent plus a 10% surcharge.

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Articles

Results 1-5 of 11 for "sublet rental"

  • Sublet Agreements

    Subletting occurs when a tenant decides for whatever reason to vacate their lease premises prior to the lease ...
    • Site: landlordtenantlawfirms.com
  • Ending Tenancy of a Rental Unit

    When you are ready to move out, and your lease is up, then moving out is pretty straightforward. However, ther...
    • Site: lawfirms.com
    • 4 of 6 user(s) found this useful
  • Residential Sublease Agreements

    A subleasing contract is an effective method to allow a tenant to save money on expenses if they decided to va...
    • Site: landlordtenantlawfirms.com
  • Landlord Commercial Lease

    Commercial lease agreements are used for leasing commercial property such as a store, restaurant, shopping cen...
    • Site: landlordtenantlawfirm.com
  • Landlord Commercial Lease

    Commercial lease agreements are used for leasing commercial property such as a store, restaurant, shopping cen...
    • Site: landlordtenantlawfirm.com

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