Subleasing Your Memphis Apartment
Dec 27th, 2007 by Memphis Apartments
Subletting your apartment can be a great option if you need to move out of an apartment before your lease is up. By doing so, you can avoid having to pay the fees associated with breaking your lease and, depending on the arrangements you made with the person you sublet to, you can effectively hold your spot in that apartment if you plan to return later. Nonetheless, there are several things you should keep in mind when deciding to sublet your apartment.
Keep it Legal
Before you start showing people your Memphis apartment, you first need to check with your lease to make sure you are allowed to sublet the apartment. Some leases strictly forbid subletting and, therefore, you could be in direct violation of your lease if you attempt to sublet your Memphis apartment. Violation of your contract can result in legal issues as well as fines, so, if you are unsure, discuss it with your Memphis apartment landlord before you consider subletting your Memphis apartment. Furthermore, you can only sublet for as long as you legally have the Memphis apartment. Therefore, if you have a one year lease, you can only sublet the Memphis apartment for that one year.
Finding a Suitable Memphis Apartment Tenant
Subletting a Memphis apartment is a relatively simple process once you have approval from your landlord. Next, you can post ads on craigslist.com, in the grocery store and any place else that you can think of that might attract a possible tenant. More than likely, it won’t take long for you to start receiving phone calls from people that are interested in subletting your Memphis apartment.
Drawing Up Your Agreement
After you select a tenant to sublet your Memphis apartment to, keep in mind that this person will be entering into an agreement with you. You are still the one that is legally bound to the lease with your Memphis landlord and, as such, you are still responsible for the apartment. As such, your written agreement will be between you and the subtenant.
Remember that you are the one that is still responsible and accountable to your Memphis apartment landlord. If the rent is not paid or paid late, you are still liable for the cost and consquences. Therefore, the subtenant should send you the rent for the apartment and you will be responsible for sending the rent to your Memphis apartment landlord. If the subtenant fails to pay the rent to you, you are still responsible for making the payment.