So, you just signed a lease on an apartment or house and you lost your job. You are now forced to take another job in a different state, yet remain under lease. What are you going to do? You do not want to be stuck paying two rent payments. You do have the option of subleasing your apartment. However, before you can do this you are going to need to create a sublease agreement.
What Is This Agreement?
This agreement is a contract between the current renter and the renter that will be replacing them. This type of agreement is used when someone that is renting a house or apartment has to suddenly for unforeseen reasons move out, but is still under the original lease agreement. This prevents you from having to break the lease. This type of contract can also be used when someone is looking for a roommate.
You Are Still Responsible
The most important thing you need to know about this type of arrangement is that you, as the original renter, are responsible you abiding by all terms of the lease. This means if your lease says that you will lose your security deposit if you smoke in the apartment, the same thing will apply for the person you sublease to. For instance, if your renter smokes in the apartment you are going to be the one that loses the security deposit, but you can apply the same rules with your sublease agreement to prevent your renter from breaking the rules.