With the housing market as it is, many people are considering subletting or subleasing their homes. After all, it’s a great way to make some money and it means that you’ll still have somewhere to live when you move away for college or another job opportunity. However, there are legal concerns with subletting your property as many wonders if it’s illegal. Is subletting illegally? Let’s take a look at the truth about property laws regarding subletting so you can make an informed decision.
Is subletting illegally?
Subletting is not illegal, but it can cause you trouble if the person you sublet your property to breaks the law or doesn’t abide by the terms of your lease agreement. If the police come to your door, you can be charged with housing violations and subletting illegally. The person subletting your property could also be charged with a crime. Subletting your apartment is generally frowned upon. Landlords would prefer that you break your lease and find someone else to take your place. You’re technically in breach of contract if you sublet your place, but you could get away with it if you find the right person to sublet to.
What is subletting?
Subletting is when you rent your apartment to someone else and they become the official tenant. You continue to pay your rent and abide by the terms of your lease, but you’re no longer responsible for the apartment and the new tenant is. Subletting is usually done when a tenant has to move out of their apartment for a few months or a year for a job relocation or school. By subletting their apartment, the tenant can cover their rent and avoid having to break their lease.
The benefits of subletting your apartment
1. You Make Money
Subletting your apartment can be a great way to make some extra money. If you’re a student, you can sublet your place to someone else who will pay your rent while you’re away at school. This can help you cover the costs of your apartment while you’re away, which could mean the difference between getting into a prestigious university and not. If you’re moving out of town for work or another reason, subletting your apartment is a great way to make some extra money until you find somewhere new to live.
2. It’s An Investment In Your Property
Subletting is an investment in your property because it reduces the amount of rent that’s coming in each month. As long as the tenant pays their rent on time every month, it would be smart for landlords to let their tenants sublease their apartments instead of breaking their lease and having someone else move in.
3. You Save Money
Subletting your apartment can be a great money saver. If you’re moving out of town for a few months or longer, subletting your place will help you cover your rent and save money on the costs of moving. Subletting can also shrink the amount of rent you have to pay each month because you’re not paying someone else’s rent each month. By subletting your place, you can take advantage of the low costs that come with renting an apartment in a college town such as West Lafayette, Indiana.
4. It Can Help You Avoid Evictions Or Rent Increases
By subletting your place, landlords may be more willing to let you break your lease and find someone else to take over your lease if they know that they won’t have to pay you more rent each month. If you’re a good tenant, landlords may be more willing to let you sublet your place if they know that you’re moving out of town and leaving it in good shape for someone else to move into.
5. It Can Help You Move Out Of State Or Country
Subletting your place can help you move out of state or country if your job moves you somewhere else. Subletting is a great way to find someone to take over your lease in a different location where the cost of living is lower than what you’re currently paying in West Lafayette, Indiana. If you’re moving out of state, subletting can also be a great way for students who are moving abroad for college to save money on their rent and also get the same quality of life that they had in West Lafayette, Indiana.
6. It Can Help You Find A New Place To Live
If you’re looking for a new place to live, subletting your place can help you find someone to take over your lease. If you sublet your apartment, landlords may be more likely to give it to someone else if they know that you’ll be moving out of town and won’t be coming back. Subletting can also help you find someone to take over your lease if you’re moving from West Lafayette, Indiana. If you sublet your place, landlords may be more likely to give it up since they don’t have the same obligation that they would have if they were letting someone else move in.
7. It Can Help You Find A New Job Or Career
Subletting is a great way for students who are graduating or looking for a new job in West Lafayette, Indiana to find someone who will take over their lease and live in the same town and community.
The problem with subletting your apartment
The Tenant Will Break Their Lease.
When you sublet your apartment, you’re essentially breaking your lease agreement. If the person you sublet to doesn’t abide by the terms of your lease agreement and doesn’t pay the rent on time, then they could be in breach of contract. As a landlord, you have the right to evict them if they break the terms of their lease or if they don’t pay for rent on time. This means that if someone is subletting your property and doesn’t pay for rent or breaks their lease agreement, then it could result in a legal issue with you as a landlord.
You Could Be Charged With Housing Violations And Subletting Illegally.
If you are found guilty of housing violations or illegal subletting, then it could result in fines, fees, and even jail time as well as other court costs that may be involved. It can also affect your credit record and cause a bad reputation with landlords and credit score agencies. In addition, you could be hit with a lawsuit from the person subletting your place.
You Will Have To Pay Rent On Time And Take Care Of The Apartment When It Is In Use.
When you sublet your place, you will have to pay rent to someone else on time, which means that you’ll also have to take care of your apartment when the tenant is using it. If they don’t take care of the apartment when they are using it or if they damage it somehow, then that could result in legal issues for you as well as any fines or fees.
You May Not Be Able To Collect Rent From Them If There Is No Lease Agreement Between You And Them.
If there is no written lease agreement between you and the person subletting your property, then there may not be a legal way for you to collect rent from them if they stop paying rent or if they break their lease agreement.
You’ll Be Responsible For Any Damages They Cause To The Apartment.
When you sublet your place, then you’re responsible for any damages they may cause to your apartment. If there are any damages that occur because of the subtenants, then it could result in legal issues for you as a landlord and may also affect your credit record as well as your reputation with landlords and credit score agencies.
You Can Be Sued By The Tenant If They Do Not Live Up To Their Side Of The Lease Agreement.
If you have a written lease agreement between yourself and the person subletting your property, then if the tenant does not live up to their end of the agreement, then it could result in legal issues for you as a landlord and may also affect your credit record as well as your reputation with landlords and credit score agencies.
You May Have To Pay A Lot Of Legal Fees If You Are Sued By The Tenant.
Even if you are not involved in the lawsuit, it can still cause a lot of legal fees for you to deal with. If the tenant sues you and wins, then it could result in legal issues for you as a landlord and may also affect your credit record as well as your reputation with landlords and credit score agencies.
Subletting your apartment is often frowned upon, but it’s not illegal. There are risks associated with subletting your place, but it’s a great way to make money if you need to move out for a few months or a year. There are a few things you should be aware of if you’re considering subletting your apartment though. You need to make sure that your landlord knows what you’re doing and that you avoid breaking their rules.