When the tenant living in an apartment is expected to go away form their house for a long period of time it is likely that they may decide to sublet the house or the apartment. This concept is more popular in areas where the housing is in demand and less number of accommodation available. Also, places where the student communities are higher in population are most likely to sublet their houses when they are traveling. More...

Basic Sublet Contract

Subletting or subleasing of property means you are allowing a tenant to use your property in your absence or you are giving a part of the property to another person and are holding them as a tenant. However, even though you do not technically own the property, you should have a basic contract that safeguards your interest. Just having the tenant by word of mouth is not good enough because ultimately you will be responsible to your landlord.

Therefore, it is important that you make a basic sublet contract. Since you are renting the property yourself and you are the person that the landlord has given the property to, you will be held liable for any damage that the property sustain. If this damage is outside the purview of the normal wear and tear, then you will be responsible for paying for the damage. More...

Should I Allow A Tenant To Sublet An Apartment

Subletting is a very popular concept and several tenants find it convenient o share their apartment in their absence or to divide it when they do not have a need for such a big place. However, as a landlord, you have the right to decide whether you want to sublet your apartment or not.

There are good and bad things to allowing your tenant to sublet the property. The good things are that allows the tenant to have flexibility in their rental agreement and also the tenant will not vacate whenever they have to go away for some time.

You can be more assured of your rental income. It is especially beneficial for you if you reside in a low demand area and it is pretty difficult to find tenants for your self. Also, you do not have to go on signing fresh lease agreements every time a tenant moves out. More...