Advice appreciated: I want to sublease my apartment so that I can rent elsewhere and pay less. I had to move in a short amount of time and it was during the period where there was a high demand for housing, & leases everywhere were expensive so I signed what I thought was fairly cheap in comparison to what was out there. However I found something this month that will cut costs by 30%. How do I go about finding someone to sublease my place?

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You should be clear on what is happening legally. Finding someone to take over your lease doesn’t sound the same as subleasing. Subleasing means you are still obligated to pay the landlord but someone else is paying you. If your sublease tenant causes damage or doesn’t pay rent, you are obligated to cover that. Finding someone to take over the lease sound like the landlord is letting you off the hook and transferring the lease obligations to the new tenant. You should make sure you know which is happening. I have a house I rent and my tenant wants to move early. Under the lease, I can charge her until I find a new tenant but I’m obligated to make an effort to do so. I also can charge her a fee for having to find a new tenant. My lease does not have an option for her to bring a suitable new tenant for me to consider but it sounds like that might be what your lease allows. I use Craig’s List to find tenants for my house.

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Will you still be saving 30% after your move in deposit, first and last month, and moving costs?

smart

Yep.

Does your lease agreement allow you to sublease? Many don’t

Yes, the lease contract stated that I wouldn’t have to pay the $2500 fee if I can find someone to take over my lease

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