When it comes to Baltimore and the surrounding areas in Maryland, sublets are quite common. From young college students and new couples all the way to small families and senior citizens, the need to relocate mid-lease is a quite common occurrence in major cities and states.
However, although this seemingly innocuous request may seem easy enough to handle, the fear of having a new individual in your rental can be a bit overwhelming. Fortunately, with a little bit of knowledge when it comes to subletting and a foolproof system to boot, you can rest assured knowing that your tenants are free to leave mid-lease without any damage or disaster appearing in their wake.
With this being said, below is a rundown of exactly what a sublet is and the best way to handle these situations in your own properties to avoid conflict entirely.
What is Subletting?
According to Apartment List, “A sublet, sometimes called a sublease, is a contract under which a tenant rents out their apartment to another individual while their name is still on the lease. The original tenant is referred to as the sublessor, and the new tenant is referred to as a sublessee. This differs from simply renting out a room to a roommate. When subleasing, only the original tenant’s name is on the lease. In a roommate situation, all tenants are named on the lease.”
With this being said, essentially, a sublet is a means for a tenant to leave a lease without breaking it and be able to ‘rent’ your property to someone else in order to do so. If this sounds a bit disconcerting to you, we get it. At Moon Ridge Property Management, we handle these kinds of situations often and the biggest fear our clients have is that the person they leased their property to is an upstanding citizen but their faulty ‘rental’ system will only lead to subpar replacements at best. This is where the sublet process comes into play.
How can You Control how a Sublet is Performed?
Now, you may be thinking that denying all sublease offers is the best course of action to protect your property. After all, no one wants their property destroyed by someone they don’t even really know. However, the unfortunate truth is that, according to the Maryland Code of Regulations, landlords cannot “unreasonably refuse” a sublet request.
Having said this, it is no wonder why countless landlords choose to work with property management teams. Rather than deal with the hassle themselves, they hire a team to cover it instead. However, the best course of action is to create a plan that helps you control subleasing. It’s what property management teams and long-term property owners both do without fail.
In most cases, the plan begins by creating a set of parameters agreed upon when a tenant signs the lease. These can range from the necessary documents for a sublessee to move in. All the way to actually requiring payment from the new sublessee instead of your old tenant.
Once these parameters are in place, you can ensure that every tenant abides by these laws. As they have signed the paperwork when moving in, they must follow your rules when looking to sublet. In this way, you can control how a sublet is performed. As such, you will never deal with major damage or deception from any tenant or sublessee guaranteed.
If the thought of adding these additional parameters into your lease, we get it! With that said, be sure to reach out to our amazing team at Moon Ridge Property Management today! We understand what it means to feel overwhelmed by Maryland property laws. That’s why we have worked tirelessly to remove this stress from our numerous clients time and time again!