Subleasing 101

While SAMI leases don’t offer the option to break your rental agreement, we understand that sometimes, things happen! Because of this, you’re able to sublease your apartment in an instance where you can no longer stay in the unit you leased. Subleasing is a great way to make sure you’re not on the hook for remaining payments, and you’re able to offer your apartment to someone else that might need one! The subleasing option is available whether you live on your own or live with roommates! 

 

What Is Subleasing?

A sublease agreement allows you to safely and legally sign your lease over to a new tenant. This will fully remove you from your rental agreement, and allow them to take over the remainder of your lease. While there are a number of ways to go about subleasing your apartment, we have set policies in place to protect you and the future tenant. 

 

SAMI Subleasing Policies

We have a system and process in place to make sure subleasing goes as smoothly as possible, and protects you and the future tenant from any scams or fraudulent behavior. We want to make sure all parties are in the clear legally, and all funds are handled through SAMI to avoid confusion. Here’s how to get started: 

  1. Let us know you’re looking to sublease! We ask that you keep us in the loop on this process. This will not only allow us to help you fill your space, but also make sure that we can send all agreements and updated documents in a timely fashion. 

  1. List your apartment for sublease. Head to the subleasing section on our site and add your name, contact information, and apartment details to the sublease list! This allows anyone looking for open places to view your apartment. You can also list your apartment on the ISU Class of Facebook groups for extra visibility! Please note: we do not recommend listing on Facebook Marketplace or Craigslist. 

  1. Communicate with interested parties. If someone reaches out to you, feel free to go over the sublease agreement with them and offer them a tour of your unit! If they like the unit and want to move forward, have them reach out to us to submit an application. 

  1. Fill out the paperwork! Once their application has been approved, we will send the sublease agreement over to you to sign and get started. From there, we will send the agreement to them to sign. 

  1. Pay any applicable fees. At the time of signing your agreement, you will need to sign the $300 sublease fee to complete the agreement. The new tenant will also be asked to pay a move in/admin fee. 

That’s it! You’ll be free of any lease obligations, and will have helped another student find their home! As always, our office is available to answer any questions you may have. 

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