When it comes to subletting your apartment, it`s important to ensure that you have a solid agreement in place to protect yourself and your subtenant. If you`re a student at Rutgers University in New Jersey, you may be considering subletting your apartment during the summer months when you`re not on campus. In this article, we`ll go over the key details you should include in a Rutgers sublet agreement.
First and foremost, your sublet agreement should include information about the property itself. This includes the full address of the apartment, as well as any relevant information about the property such as the number of bedrooms, bathrooms, and other amenities that will be available to your subtenant. You should also include any rules or regulations that your subtenant must follow while living in the apartment, such as noise restrictions or no smoking policies.
Next, your sublet agreement should include a section on rent. You should outline the total rent amount for the entire subletting period, as well as how the rent will be paid (e.g. monthly installments or a lump sum upfront). It`s important to also include information about late fees or penalties if the subtenant doesn`t pay rent on time. You should also specify who is responsible for paying utilities, such as electricity or internet, and how those costs will be divided.
Another key section of your sublet agreement should outline the duration of the sublet, including the start and end dates. You should also include any information about renewing the sublet, such as whether the subtenant has the option to extend the agreement or if they need to vacate the apartment at the end of the sublet period.
Finally, your sublet agreement should include information about security deposits. You should specify how much the security deposit will be, and when it needs to be paid. You should also outline the circumstances under which the security deposit will be returned to the subtenant, such as if there is no damage to the apartment. Be sure to include any information about repairs or maintenance that may be required during the subletting period, and who is responsible for covering the costs associated with those repairs.
Overall, a Rutgers sublet agreement should be comprehensive and clear to ensure a smooth subletting process for both you and your subtenant. By including these key details in your agreement, you can feel confident that you`ll have a solid legal foundation for your subletting arrangement.