Sublease Property Agreement With Broker In Alameda

State:
Multi-State
County:
Alameda
Control #:
US-0029BG
Format:
Word; 
Rich Text
Instant download

Description

A sublease is a transfer to a third person (the sublessee) of less than the lessee's entire interest. Sublet means to lease or rent all or part of a leased or rented property. A subtenant is someone who has the right to use and occupy rental property leased by a tenant from a landlord. A subtenant has responsibilities to both the landlord and the tenant. A tenant must often get the consent of the landlord before subletting rental property to a subtenant. The tenant still remains responsible for the payment of rent to the landlord and any damages to the property caused by the subtenant.
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FAQ

Your Step-by-Step Guide to Subletting in California Read Your Lease Carefully. Obtain Pre-Approval to Sublet. Find and Screen a Subletter. Send a Written Request for Approval. Wait Patiently (but Not Too Patiently). Collect and Store Security Deposit and Rent. Enjoy Your Freedom:

A tenant must have their landlord's written permission before subletting or assigning their tenancy. A landlord can't unreasonably refuse a sublet or assignment if there are six months or more remaining on the tenancy term.

How to Write One Identify all parties to the contract. Define the lease term. Identify the terms and rent amount. Address any other financial responsibilities. Discuss the terms of the security deposit. List any other restrictions. Date and sign the agreement. Attach a copy of the original lease.

Step 1: Check your lease Check your rental agreement or lease documentation for specific rules on subletting your apartment. Step 2: Send landlord a letter Send your landlord or building manager a certified letter asking permission to sublet, and wait for approval. Keep copies of all communications.

Subletting Can Impact Property Values Parking becomes difficult, there are higher utility costs, and the neighborhood won't be as appealing to prospective buyers.

Consent from the landlord A tenant must get a landlord's written permission to sub-let or transfer any part of the property. If a tenant does this without consent, they are breaching the terms of the tenancy agreement.

California law requires tenants to seek explicit, written permission from their landlords to sublet if it is not already allowed in the lease. Landlords have the right to approve or deny these requests unless prohibited by a local ordinance.

5. Screen your subletter. Ask for their social security number and run a credit check. You can request a credit check from each of the three credit bureaus—Trans Union, Equifax, and Experian. Ask for at least three references. Confirm their employment. Do an interview.

The important thing is making sure you aren't being scammed. Who is the owner of the property? Who is the authorized agent/landlord? Does the would be sub-letter actually have a signed lease for the place? Does their lease allow them to sub-let? Does the city, county or state they are in allow them to sub-let?

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Sublease Property Agreement With Broker In Alameda