Subletting and reletting most commonly confused terms
Subletting and re-letting are actually two different type of arrangements, but are most commonly used interchangeably. Sometimes, the leasing landlords or managers don’t even use them correctly. What does re-letting a rental property mean? When you are in need to vacate your apartment before your lease expires, due to a job transfer or purchase of a new house, your landlord gives you a chance to find another tenant who would assume your current lease, thus releasing you, as original tenant from it’s obligations. Once such a tenant is found, then new contractual relationship is established. Depending on the state you’re located in, your landlord is still obligated to make the “best effort” to find a new tenant as soon as possible, before you vacate. If this happens, it will be to your advantage and it will limit the amount of rent you’d be responsible for after ending your lease before the agreement date. What does subletting a rental property mean? Most apartment complexes or landlords do not allow you, as the current leaseholder to sublet your apartment to someone else for any period. However, some landlords do that especially if the apartment is located in the college area. Generally, a tenant who’s on the lease rents a room to someone else, and it’s usually referred to as subleasing (or subletting). The new subtenant may totally comply with all the terms and will in fact make all the promises to pay on behalf of the principal tenant on the lease. If subtenant tends to fall back on payments or refuse to pay for some reason, then you, as the principal tenant remain responsible for the lease and the landlord has a full right to sue you for it. If subtenant also vandalizes the property, the principal tenant is responsible. This is unfortunately the down side to subleasing vs. re-letting the apartment.