![apartment lease takeover apartment lease takeover](https://photos.spareroom.com/images/flatshare/listings/large/20/62/206207940.jpg)
- #APARTMENT LEASE TAKEOVER HOW TO#
- #APARTMENT LEASE TAKEOVER FULL#
- #APARTMENT LEASE TAKEOVER PROFESSIONAL#
While your landlord may agree to let a new tenant take over your lease, the deal may not include professional cleaning and painting before he or she moves in. Make note of the $100 off per month for a 12-month lease you received, for example, that shows why this short-term lease may offer cheaper rent than a different apartment in the same complex. Point out any rent deals you may have received when you signed the lease. Under Missouri law, for example, a landlord has the right to double the rent on the existing lease if the tenant has someone take over the property without prior permission from the landlord.Īs is the case with a sublease, you may have better luck finding a new tenant if you sweeten the deal a bit: cover the security deposit, pay for the entire month even though you're moving out mid-month, or cover the cost of the application and credit check that the landlord requires for a new tenant. In other cases, however, the state might allow the landlord to set rules or penalties regarding lease takeovers. Not all states have laws that directly address lease takeovers, in which case the parameters set in the contract apply. You often need the landlord's cooperation for a credit check or to draw up paperwork, Horigan says.
#APARTMENT LEASE TAKEOVER HOW TO#
Your landlord may be sympathetic to your situation, or you may get a better understanding of how to break your lease.Īpproaching your landlord for a calm conversation about your options will help smooth out the process of a lease takeover. You both want to make sure you're both on the same page," says Phil Horigan, founder of, an online platform in New York City for short-term leases, sublets and takeovers. But no matter what the lease says, always reach out to your landlord.
#APARTMENT LEASE TAKEOVER FULL#
The lease agreement may state that a lease assignment is not allowed, or that a sublet or lease break is preferred.Įven if your contract rules out a lease takeover, explain the situation to your landlord once you have full understanding of what's in your lease. Here are the do's and don'ts of having someone take over your lease:īefore you post an ad for a renter willing to take over your lease, check your lease contract to make sure it's allowed. "You've lost the security deposit and probably next month's rent," he says, adding that this is a typical case for a lease takeover at one of his properties. Victor Mota, owner and property manager for Mota Properties in Anchorage, Alaska, says requests for lease takeovers are common, but not without penalty. Even if all goes according to plan, you can expect to pay an additional month's rent or a fee to cover the application process and paperwork for a new tenant. We've broken down the do's and don'ts of an apartment lease takeover for both the departing tenant and new tenant.Ī lease takeover requires not just finding a qualified tenant, but also the approval and cooperation of your landlord. And if you're a renter looking for a short-term option, taking over someone's lease can be an excellent way to take advantage of lower rental rates.
![apartment lease takeover apartment lease takeover](https://www.expat.com/upload/housing/681311/1621346774131_3140932-full_size_3x2-t1621346996.jpg)
For example, you may be able to sublease the unit or leave the apartment and continue to pay rent until the landlord finds a new tenant.īut your best bet may be a lease takeover, if your landlord permits it and you can find a qualified tenant. If you're breaking the lease for any other reason, though, talk to your landlord about lease-break options that could help you avoid hefty fees.
![apartment lease takeover apartment lease takeover](https://pbs.twimg.com/media/CnH2bsOXYAAEooa.jpg)
There are legal stipulations that allow you to break a lease without penalty, including a move for active duty military assignment and failure of the landlord to maintain a livable environment.