Are you leaving for the summer? Do you need someone to sublet your space? Do you know how to find the best person? Have no fear, we have your answers here!
#1 ALWAYS review your lease and ask your Property Manager about subletting policies for the property in which you live. Every landlord handles subletting differently. In most cases, you will continue to be the primary leaseholder and will be responsible for the full rent and utility costs.
#2 Money, money, money. If you ask your subtenant for a security deposit, it cannot exceed 1.5 months rent. Store the money safely in an escrow account. It is advised to ask for proof of funds for how rent will be paid (most recent work paystub, screenshots of account balances, or financial aid statements).
#3 Communicate with your current roommates about the decision. They may have an opinion about potential summer roommates or may already have a roommate in mind. Perhaps they, too, would like to sublet their space for the summer months.
#4 Be sure to fill out an inventory checklist with your subtenant. Determine in advance who will be responsible for any future damages upon moving out.
#5 Last, but not least, make sure everything is in writing. Utilize the Beyond the Diag sublease agreement if your landlord doesn't provide one for you.
More resources about subletting are available to you on the Off Campus Housing website.
Visit the offcampushousing.umich.edu to post your apartment for free (see images below).