Assignment and Subleting
We do not allow assignment or subletting. Please read lease sub-paragraph # 7
Sub-paragraph 7 to the lease.
7. ASSIGNMENTS AND SUBLETTING: Tenant shall not assign this agreement or sublet any portion of the premises. Meaning, selling contract.
We do not allow ASSIGNMENTS AND SUBLETTING.
This is very important to understand right from the start. It's something not understood by those seeking to rent. Its something we are very serious about.
There may be several reasons tenants have to move. One-person gets married, goals change, there could be a number of reasons someone has to move. Many landlords request another person to be found to take the place of the one who moved, or just find someone else to fill the void, we don't allow this.
We are "VERY" strict on Assignment and Sub-letting, very strict! If you can not comply to this, its best to keep looking for housing from someone else. Little do you know, it destroys a property when we have musical chairs. With management experience of over 30 years, we know what we are expressing. And, its our purpose to protect the value of the property.
If for any reason the apartment or home becomes vacant due to someone moving, all parties who signed the lease will be responsible for the terms of the lease, and full rent due, even if one person is remaining. If everyone leaves, you are still required by law to pay the full rent amount.
In the event assignment or sub-letting is done ( Selling Contract ) without the management company's knowledge, all parties agree that the rent will increase an additional $600.00 per month, At that point eviction proceedings will start for non-complience to the terms of the lease. The additional increase in rent will be added to court costs and attorney fees if there is non-complience to paying the increase. Paying the $600.00 increase in rent does not mean we allow assignment or Subleting, meaning. selling contract.
This can not get any clearer, we do not allow assignment or subletting, period. If you have a concern with this, its best to consider renting from someone else.
until WE RE-RENT THE UNIT. The damage deposit will be used up for any damages, including advertising, utilities, and any other costs involved.
Your lease is no different than any other legal binding contract. So, these are the possibilities you may experience.
1. We do not allow you to sub lease, or assign the lease. So you'll have to pay rent until we find a qualified tenant to rent the place, someone who will comply to our rental policies. They are behaviors that reduce the chances of finding the right tenant, and the timing of the year. For example, finding qualified tenant during Nov 24th to March ending is extreamly dfficult. Some of the properties we manage are not parking friendly, so having someone or a group who has three cars, maybe only 1 or 2 cars will fit the makeup of a building type. We don not allow pets, or smoking inside or out. There are many factors that narrow down the possibilities of finding a tenant that fits the property at hand.
2. During the months of March thru Oct are the best times of the year to find tenant prospects. All of our prospects have to comply to our rental policies found in Exhibit-g.com.
3. If you just move out, you will still owe rent each month until we find a tenant who qualifies to live at the property. Most tenants think that by moving out they will only lose their deposit only. That may be the case, but they may have to pay rent each month as well.
I know this sounds harsh, but try that with a loan, a home just purchased, a car just purchased, etc.
We will post your place for rent, try to get someone to replace you, but we can not release you of your obligations until we find a qualifing tenant to take your place. If you advertise the place for rent all prospects will have to be referred back to us.