Subleasing is a popular practice among renters, and it can be a great way to earn some extra income or reduce your own rental expenses. However, it’s important to understand the legal requirements and restrictions that come with subleasing, especially if you’re living in a state like Wisconsin. In this blog post, we’ll take a closer look at subleasing in Wisconsin and what you need to know to do it legally.
First, subleasing in Wisconsin is allowed
Firstly, it’s important to know that subleasing in Wisconsin is allowed, but it’s not an automatic right for tenants. According to the Wisconsin State Law, tenants who wish to sublease their rental unit must first obtain the written consent of their landlord. This means that before you can sublease your apartment or house, you must get permission from your landlord or property manager in writing. Failure to do so could result in legal consequences, including eviction.
Once you have obtained your landlord’s permission, you should draft a sublease agreement that includes all the necessary information, such as the sublease term, rent amount, security deposit, and any other relevant terms and conditions. This document should be signed by both you and your sublessee, and it should be kept on file for future reference.
It’s also important to note that as a sublessor, you are responsible for the actions of your sublessee. This means that if your sublessee violates the terms of the lease, such as causing damage to the property or not paying rent, you could be held liable for any damages. Therefore, it’s important to choose your sublessee carefully and ensure that they understand and agree to the terms of the sublease agreement.
In Wisconsin, there are no specific laws governing subletting fees or security deposits. However, landlords are allowed to charge a reasonable subletting fee to cover the costs of screening potential sublessees, preparing the sublease agreement, and other administrative expenses. Additionally, landlords are allowed to require a security deposit from the sublessee, but the amount must be reasonable and cannot exceed the amount of the original security deposit.
As a sublessor in Wisconsin, you must obtain your landlord’s written consent, draft a sublease agreement, and be responsible for the actions of your sublessee. By doing so, you can enjoy the benefits of subleasing while minimizing the risks. We’re here to help and smooth your process for sublease no matter where you are, please ask us if you need anything: NewSublease.com
This is the website that we recommend to check more details and resources: Tenant Resource Center