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SUBLEASING RENTALS
Beware of subleasing! Sometimes tenants find themselves in situations of financial difficulty, have to relocate for work etc and need to move out. Because there can be stiff penelties for early termination, tenants would much rather sublease (find a new tenant and rent to them directly, while keeping the terms of the current lease with their landlord).
When this happens, the original Tenant is remains liable for any damage / fines / late fees etc. However, if the tenant's tenant causes damage or owes money at move out... chances are the origianl tenant won't have the resources to collect from their tenants. The liability gets spread and the litigation can be costly for all involved. And usually, the Landlord will lose more than he may stand to gain... considering legal fees and court costs etc.
To avoid these unfortunate situations and additional liability, Landlords (especially Property Managers) will put a specific clause in the Lease that specifies NO SUBLEASING under any circumstance.
Are there exceptions? Sure! Subleasing in college towns and neighborhoods are SUPER COMMON and sometimes necessary! As students come and go (semesters only last 5 months maximum)... often students will sublease if they are going abroad or leaving for a semester. With the proper subleasing forms, Landlords can minimize potential financial risk.
Do-it-yourself Residential Sublease Agreement
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