I signed a lease for an apartment in NYC and just found out that I will have to leave the area in 5 months. Subletting it is illegal.Rental laws shifted last June. The lease holder is technically the landlord in this situation and is responsible to fill the room themselves. A sublease agreement is considered a written document that offers the lessee a chance to pass on the responsibility and rights of tenancy to another person. If you're taking over the lease, deposit equals one month's rent. It's possible to invest in real estate with little money, even in 2023, when real estate prices are soaring. This guide will give you nine options. With permission and agreement with the landlord Rent the property to the new tenant with a new lease in place at the higher rent. Here is a sample sublease agreement you can fill out or use as a template.