Reasons To Not Let Your Tenant Sublet His/Her Apartment
Posted on: 2 February 2018
When you rent an apartment unit to a tenant, there are several different factors that you'll need to consider. One thing that might not immediately be on your radar is whether or not you'll permit the tenant to sublet his or her unit if a need arises. While there can be lots of benefits of subletting, this can also be a situation that leads to some headaches for the person who owns the property. If you decide to prohibit subletting, you'll definitely need to make this rule clear on the rental agreement that you have your tenant sign. Here are some reasons that you might not wish to permit subletting.
The New Tenant Might Not Be As Reliable
Although different property managers take different approaches toward subletting, it's possible that the new tenant that your main tenant chooses to occupy his or her unit might not be as reliable. When you allow a tenant to rent an apartment unit from you, you likely go through a variety of steps, such as checking his or her financial situation and even asking for references from past landlords. This process isn't always present during a sublet situation, so it's plausible that the new tenant doesn't take care of the unit or may not have the money to pay the rent.
It Makes Things More Complicated
When you rent apartment units, you want things to be as simple as possible — occupy the unit, collect the rent, and then look for another tenant when your tenant moves out. However, when subletting occurs, things begin to get a little more complicated. For example, if the main tenant sublets his or her unit because of traveling overseas, there may be an issue for which you need to speak to the tenant. If he or she is backpacking and has limited connection to the outside world, however, this will be possible. When a tenant plans to leave, it's often easier to end the lease and just look for a new tenant, rather than allow subletting to occur.
It Gets In The Way Of Renovating
When an apartment tenant moves out, it's a perfect time for you to not only clean and repair the unit, as needed, but to also perform any renovations that you might wish to accomplish. This is especially true if a tenant has occupied the unit for several years and you want to modernize it to some degree. However, when a tenant plans to move out for a period of time but wishes to sublet the unit, it won't be vacant — and this can get in the way of your renovation plans.
For more information, contact companies like Meadowdale Apartments.
Share