We know that many Georgetown students sublet their spaces in their homes during the summer months. Make sure your experience is a positive one if you are subletting or subleasing a space by following these cardinal rules:
1. Make sure you have a written sublease. Sometimes there are miscommunications between parties about rent, cleanliness, or various expenses that may pile up over the summer. In order to protect yourself, use this simple sample sublease form. In instances where the lease is not written, it is possible to be overcharged/underpaid for rent or pay fines accrued by previous tenants with little recourse. A written sublease helps establish payment before hand as well as expectations and times for moving in and moving out.
2. Understand the rules around security deposits. We suggest that those subletting out their space request a security deposit. The maximum security deposit is one month’s rent but it may be lease. A security deposit is collected before the tenant moves in and is returned to the tenant if they have not damaged the house, violated the lease, or accrued unpaid fines.
3. If subletting, make sure you receive a copy of the lease. You will be bound under all obligations set down in the lease as you are subletting a place in a leased home. You will need to be aware of any restrictions or obligations to the landlord. If the lease says you cannot have pets or subletters, advise accordingly. If you are subletting your place, make sure you ask your landlord for their approval before you sublet. It will avoid complications later on.
4. Make sure you understand if your place is pro-rated. Pro-rating is the process of adjusting monthly rent in accordance with the number of days used. If you are subletting and will not stay the full month, see if you can pro-rate the rent for the number of days you were in the home. It never hurts to ask and it could save you some money.