Mandating A Security Deposit – A Necessary Facet Of Subletting
There are many reasons for subletting one’s apartment. These include being away for a few months for work or study reasons or to get an extra person to split the rent if there is an extra room in the apartment.
If you decide to sublet your apartment, make sure you require a security deposit. The amount of a security deposit generally equals about a month or two of rent, depending on the situation.
The reason to request a security deposit is to cover any possible damages that may occur in your absence. A security deposit is especially needed if you are leaving any of your belongings in the apartment while you are gone.
The security deposit is an upfront payment that is paid before the subtenant moves in. After you return and the subtenant moves out, you have thirty days to look over your apartment and if everything is in order and nothing damaged or missing, you usually refund the security deposit.
The rules of subletting vary by building or by apartment. Additionally, the rules on security deposits from sublets will also vary per state.
If you decide to sublet your apartment, it is best to get permission from the landlord. It is also a good idea to give your landlord all the information about the subtenant. This information may include the business address of the subtenant as well as name and phone number, the length of the sublease, a copy of the contract for the sublease and the address of the tenant’s location during the sublease time.
You need to prepare other documents before the move. You should get written permission from any co-tenants before allowing someone to sublease your apartment.
Before the subtenant moves in, make sure you take pictures of the place. This step is necessary because some of your belongings may be in the apartment and furnished. It is also proof to any damage the subtenant may make in your absence so you can prove the damage didn’t exist prior to the move.
The writer has been providing advice pertaining to subletting for the previous four years. Furthermore, this writer takes pleasure in writing with respect to New York City real estate, including Battery Park City apartments along with Gramercy apartments.
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