One of the big things on my “to-do before we move” list — the thing I’m dreading most — is figuring out what to do about our apartment. We’re moving at the beginning of May, but our lease isn’t up until the end of July. This means we could end up paying three months’ rent for an empty apartment unless we can find someone who wants to live there until the end of the lease.
According to my landlord, in North Carolina, we have two options for avoiding this. The first is to give the landlord 30 days’ notice that we want to terminate our lease early. They’ll put the apartment back on the market, and if they can find a renter, they’ll let us out of our lease. This is ideal, but it’s also unlikely. Unfortunately, there are two other 2-bedroom apartments that will be vacant as of April 30, which means those two will be rented out first.
The other option is finding a subletter. This is a lot more work on our part. Not only do we need to find someone who is interested in renting the apartment, but we have to stay on the lease for those three months while a stranger lives in the apartment. We remind liable for rent if they default.
From what I can tell, here’s the process we’re facing for finding a subletter.
- Find someone who is interested in renting the apartment from May until July.
- The subletter must fill out the rental application and pass a credit check and background check in order to be approved.
- We sign a new lease with the subletter. If the subletter defaults on the lease, we are responsible for paying the rent.
I hate the idea of doing it this way, but I really want to avoid paying rent for those three months when we’re not living here.
We live extremely close to Tony’s university, so I’m really hoping we’ll find a college student (or two) who needs a place to stay for the summer. I posted a listing on Craigslist, but no one has responded to it. After spring break, we’ll be posting some flyers around campus advertising the opening. Beyond that, I’m not really sure how to go about finding a subletter.
Anyone have any suggestions on how to find a reliable subletter?