What is a Sublease? A Sublease is when one or more individuals sign a lease and can no longer fulfill the terms and agreements of the lease so they sublease the apartment or rental property for that period of time. This is very common in college town like here in College Station where people sign year leases but are out of the town for internships or are gradating. A Sublessor is the person who originally signed the lease and the sublessee is the person who is taking over the lease. When someone signs onto a lease under someone else they are taking over the lease for the amount of time stated in the sublease agreement.
What is necessary to complete a sublease?
Once you find a sublease most property managers have subleasing paper work both parties will need to fill out. There is usually also a sublesse charged by the apartment complex.It is up to both patties to decide who will pay the fee or if they will slip the subleasing fee. he sublease contract will state rate rents and will also include when the sublessee will move in and out.
What other ways can I cancel my lease?
A lease is a bonding contract and most properties don't offer cancelation. The lease will contain reasons that would allow you to cancel your lease which is usually only for military leave. Subleasing is a great way to getting out of your lease without breaking a contract and avoiding fees and collections.
