Subleasing & Lease Change Requests
Lease Change Request Overview
Please note that fees vary based on situation & this summary is intended to help answer basic questions
ROOMMATE SWAP/SUBLEASING:
Swapping one person on the lease for another, often referred to as subleasing, is applicable to a $600 fee + $50 per showing that we must conduct on your behalf if applicable. The tenant is responsible for procuring the tenant and all marketing, advertising and costs associated. This process involves a lease cancellation that is contingent on the successful execution of a new lease. Prospective tenants must complete an application and be approved by the owner and management. Application for new tenant must be received at least 30 days prior to the move-in date & the lease signed, deposit paid & first months rent paid at least 21 days prior to the lease start date.
EARLY TERMINATION/LEASE BUYOUT:
Early Termination Requests / Lease Buyouts are for an entire household on a lease and are not available for individual occupants. We do not guaranty this option. Approval & fees will vary by property, time of year and situation. Please communicate with management regarding your request and we will discuss with the owners. Fees/Buyouts associated with an early termination typically start at the sum of 3 months rent.
HELPFUL TIPS:
- A deal is never a deal until the paperwork is signed and the deposit is paid. Many renters are looking at multiple places to try and find the best house and roommates for their individual situation. Be sure to clearly communicate the terms of the sublease upfront including the sublease length, monthly rent, monthly average bills, insurance requirement, etc.
- Tips for finding tenants: Email your friends, family & colleagues, place ads on Facebook Marketplace & post on your social media
- Be organized and respond quickly to rental inquiries and questions from prospects.
- Be wary of scams on Craigslist and other advertising venues. We advise against using Craigslist.
- Be prepared to answer questions and requests looking for a discount.
- Understand that if we cannot verify their source of income (how they will pay rent), their previous rental history or confirm their background check; they will not be approved.
- Any applicant with an unlawful detainer will not be approved
Please do not move someone into your house without written approval. Doing so violates the terms of your lease and puts your entire household at risk of eviction & other legal action
