What is the difference between a sublease and a sublet?
We get asked this question so often that we decided to write an article about it. This article could be one sentence long because the short-answer is: there is no difference. In other words, sublease and sublet are the same thing!
How is a sublet/sublease different from a lease?
In a traditional lease the Landlord owns or manages the property and leases it to a Renter (also known as a Tenant). The Renter occupies the property throughout the term of the lease. An example of this is a renter going to an apartment complex and leasing an apartment for 12-months. A Landlord decides to rent their property to the Renter, and the Renter pays the rent for the 12-month leasing period.
Sublet and Sublease
When an individual subleases or sublets, however, the Landlord leases the property to a Renter; the Renter then leases the property to a New Renter. Instead of the Landlord leasing the property, the Renter leases it. In order to sublease your unit though, your lease or Landlord must give you permission.
Why would I sublet my apartment?
You may want to sublet your unit for a variety of reasons. Most often it is because breaking a lease agreement is expensive– whether that means there’s a penalty associated with breaking the lease or you’ll still be responsible for future monthly payments. For example, individuals will often sublet if they need to leave town for work, and still have a few months remaining on the lease. Subletting helps with the expense of the unpaid rent that is due and some of the moving expenses. In addition, most Landlords are okay with sublets because the landlord can charge a new application fee and they don’t need to spend money turning over the apartment to a new renter.
ProTip:If a landlord doesn't allow subleasing, see if they'll allow you to find someone to "takeover" the remainder of your lease. In this situation, you're off the lease and the new tenant takes over the remaining time on the lease. Also, if you're looking to find someone to takeover the remainder of your lease, checkout TheBindel.com. Listing is free!
Where is the best place to advertise my sublet?
TheBindel.com is the fastest and easiest way to sublease your apartment. First, listing a sublease on The Bindel is completely free. In addition, The Bindel provides a rent guarantee so you’ll never miss a monthly payment, and you only need to list once and your property will automatically appear on The Bindel’s listing network of 70+ websites including apartments.com, forrent.com, realtor.com, zillow.com, and the list goes on! Finding qualified renters has never been easier!