Subletting vs. Subleasing: What’s the Difference?
It’s important to understand the difference between subletting and subletting when it comes to your rental unit, especially if you need to move out before your lease ends. If you are looking for options because you need to move, the first step is to check your rental agreement to find out what options are available to you. From there, you can determine if subletting or subletting is the right option.
Subletting vs subletting
Subletting and subletting are both options for rental properties, although they are different ways of dealing with when you need to move out before your lease ends. In short, sublet allows a new tenant to take over the lease directly with the landlord, while sublet involves leasing all or part of the space to another tenant through the original tenant.
Subletting, also called to release, allows the landlord to create a new rental contract with a new tenant and collect the rent directly from them. By handing the property over to another tenant, the landlord can cancel the lease with the original tenant, allowing them to move out and not take responsibility for paying the rent.
In a sublet agreement, the original tenant retains responsibility for the rental unit and simply rents the space to another tenant. If you’re in a deal and need to move out, you might be able to sublet it to someone else who would pay you, and then you would pay the landlord based on the terms of your rental agreement. You remain the tenant of the unit and are always responsible for any damages incurred. This difference between subletting and subletting is one of the reasons why it is so important to carefully select candidates for subletting and to make sure that the person who lives in your home understands the rules. so that they do not cause significant damage.
Another form of subletting is renting an apartment or house with enough space for a roommate and renting part of the space to them. If you sublet some or all of your living space while maintaining your rental agreement, you would be responsible for paying the rent to the landlord. In most cases, landlords ask roommates to put their money together and pay a single rent payment, rather than paying their shares individually. If a landlord rented individual rooms in a house or apartment with separate agreements for each tenant, the payment situation would likely change.
Should I sublet or sublet my house or apartment?
If you are considering moving during your rental period or having the space shared with a roommate, you might be wondering whether it is better to sublet or sublet your space. Here are some considerations:
- Subletting when you need to move: If you need to move and you can find someone to sign a new rental agreement, subletting is often the way to go as it takes away all financial and legal responsibility.
- Subletting to a roommate: If you have another bedroom or enough space to make it a comfortable one, consider subletting to a roommate. Your landlord may let you maintain a formal rental agreement and have you handle rent and roommate liability. So, if you find someone who seems trustworthy as a potential roommate, this might be a good option for you.
- Subletting if you cannot sublet: If your landlord doesn’t allow subletting and forces you to maintain the term of the contract, you can find someone to rent your space, collect the rent from them, then turn around and pay the landlord who leases money to maintain your lease.
Before deciding to sublet or sublet, you need to know what your landlord will allow. Also, be sure to check your renter’s insurance policy as it may specify conditions for subletting or subletting. For example. some insurance companies do not cover tenants while others sublet part of their space and keep you as the primary policyholder responsible for damage.
How to sublet my rental
If you want to sublet your rental property, follow these steps to make sure you follow the rules set out by your landlord.
- Inform in writing: Many landlords will ask their tenants to notify them of their intention to sublet in writing.
- Look for sublets: After you have received approval to sublet your unit, you can then begin researching sublets and drafting your own rental agreement. In most cases, as long as everyone living in a rental property follows the rules set out in the rental agreement, tenants can sublet parts of the space to others.
- Maintain a legal agreement: This agreement must be made between you and the person who sublets your space. It should include the duration of the sublet, any applicable rules, the amount of monthly rent and when it is due each month, where to send rent payments, and the legal terms of renting a house. or an apartment.
- Decide how to select candidates: During the application process, think about how you plan to select your candidates through background and credit checks.
- Check references: Before agreeing to sublet your space, consider speaking with applicants’ previous owners to find out how they are as tenants. To get this information, include a section in the sublet request where they can provide contact details for their previous owners and / or a request for personal references.
How to sublet my rental
If you want to sublet your rental, you will need your landlord to accept it, then you can follow these steps:
- Find a new tenant: Your landlord may ask you to find someone who wants to enter into a rental agreement. Some landlords will forfeit your agreement if they are able to find a new tenant within a certain time frame, while others will ask you to do the necessary work to show the house and generate interest in new tenants.
- Understand your responsibility: If the landlord can’t find new tenants right away, you will likely be responsible for paying the rent until they are able to re-let the property or until the end of your lease.
To consider when subletting to a roommate
If you are planning to sublet part of the space to a roommate, you should also check the local laws or ordinances that dictate the number of people who can live in a house. For example, California housing laws and ordinances limit the number of people who can legally live in a unit, allowing two people per room plus one additional person in the household. If you rented a two-bedroom apartment in an area of California with this law in effect, you couldn’t legally sublet to three more people.
Homeowners can also limit the number of people who can live in their units. So, when checking out whether they allow subletting or subletting, be sure to ask what their limits and regulations are.
Now that you know the difference between subletting and subletting, you can determine which option is best for you and review your rental agreement to determine what is allowed. Both options can be useful if you want to share your space with another tenant or if you need to move out before your contract ends.
Ready for a change? Search through thousands of apartments for rent on Zumper and follow these steps to find someone reliable to sublet or sublet your current home.