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Are Sublets Risky?

In most major cities, the housing market has tightened to a point where many individuals find themselves in challenging situations. Throughout Queens, people often choose to sublet a rent-controlled or rent-stabilized property rather than risk losing such a valuable asset. Unfortunately, it is not uncommon for a landlord-tenant dispute to arise.

In a city where sublets or subleases are a common solution, tenants must be wary of crucial mistakes and errors in decision-making. By subletting a property, a tenant opens himself or herself up to a wide array of disputes or legal trouble.

Luckily, you're not the first person to try to sublet a property.

The New York City Rent Guidelines Board (RGB) provides research and resources to New York residents on a broad array of topics. They provide three crucial tips for tenants to consider when thinking about subletting a property.

  • Choose a subtenant who will pay the rent and not endanger your ability to return to the apartment.
  • Execute a sublease with your tenant.
  • Follow all of the necessary steps to win approval from your landlord for the sublet.

Attempting to circumvent your building's rules can result in disaster. The process for subletting a property is much more complex than arriving at a verbal agreement regarding the payment of rent. If a subtenant violates rules or fails to pay rent, it can be months before the communication makes it to the tenant.

Whether you are the tenant or the landlord, an experienced attorney can provide the guidance and legal representation you need. Don't hesitate to learn more about the legal options that exist in your specific situation.

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