Real Estate Forums
| Real Estate Investment This forum discusses all aspects of real estate investing, from initial research to working with your real estate investments once acquired |
![]() |
|
|
Thread Tools | Display Modes |
|
|||
|
Hello all.. sorry if this is the wrong forum. My question is how does on go about sub leasing a property? Is it legal? Does the owner have to know? Forgive my stupidity.
Reason i ask is i'm leasing a property for 650 a month.. the average rental in this hood is around 800 so i was wanting to find a way to make a small profit from this. If it's possible. IF ANYBODY CAN POINT ME TO ANY RESOURCES I WOULD APPRECIATE IT. |
|
|||
|
Read your lease. Most leases have a clause that deals with this issue.
|
|
||||
|
Quote:
__________________ Schaumburg Real Estate Relocation Agents Arlington Heights Real Estate |
|
|||
|
Thanks guys i'll do that.
|
|
|||
|
Absolutely read the fine print in your lease. I'd be surprised if it is allowed but let's say it is... take caution on the sub-tenant you choose. You'll want them to sign something to protect yourself...and be aware that you will be liable for their actions or misdeeds. Also, if they don't pay you the rent, you still have to pay the Landlord.
|
![]() |
| Thread Tools | |
| Display Modes | |
|
|