I live in an apartment with a roommate and we both are on the lease. I'm thinking about moving out of the area and so now I'm wondering what my options are for dealing with this. He will be staying, so we're not trying to end it completely, I just don't want to move but still have to pay for my share of the rent. Can I get someone to take over it for me officially (like resign the paperwork) or do I do it under the table and unofficially sublease it? Any experience out there?
2006-08-04 08:12:19 · 3 answers · asked by graybear 4 in Business & Finance ➔ Renting & Real Estate
Anything under the table is dangerous. If someone doesn't pay on-time/ not paying , your credit will be trashed. If there are clause that you can avoid the lease, than you should avoid the lease; your roommate can sign a new lease without your name on it. If not, talk to your apartment manager.
2006-08-04 19:54:36 · answer #1 · answered by novak-9 4 · 1⤊ 0⤋
Talk to your landlord. Your rental agreement will have very specific guidelines about how the lease can be broken and what fees there will be. Often if you have another renter set up they might just allow you to switch it out depending on how the landlord feels about the whole situation. Many leases specifically forbid subleasing and have built in fines for doing it.
2006-08-04 08:32:23 · answer #2 · answered by psycho-cook 4 · 0⤊ 0⤋
It depends.
Does your lease specifiy no subletting?
Can your roommate afford the place on his own?
Talk to your landlord. Many landlords will take one tenant off the lease and put on a new person or leave just one person on the lease.
If you are released from your lease, make sure you get it in writing.
2006-08-04 09:14:26 · answer #3 · answered by BoomChikkaBoom 6 · 0⤊ 0⤋