Subleasing
Many residents who are not planning on occupying their unit during the spring or summer will opt to sublease their apartment. Subleasing is a great way to save money, as well as maintain your lease agreement with Madbury Properties.
Overview & Requirements
Frequently Asked Questions
Who do I pay rent to?
You (the tenant on our lease) are responsible for providing Madbury Property Management the full rental amount as stated on your lease for the duration of the subleasing period.
Your sublease is responsible for paying you directly with whatever payment method and schedule you agree upon in your agreement. Your sublease will not pay Madbury Properties directly.
Am I liable for damages a sublet may cause?
Your security deposit will remain on file for the duration of your subleasing period. Any damages or lease violations made by your sublease will be reflected on your tenant account.
You can charge your sublease a security deposit. It would be your responsibility to maintain and return the deposit after the leasing period less any damages.
Do you clean the apartment after the sublet moves out?
We do not clean after your subleasing period. If your sublease is moving in during the summer, before you, plan to discuss your cleaning expectations with your sublease.
How does assisted subleasing work?
Assisted subleasing is when our company is able to provide a sublet opportunity. We are anticipating 8-12 units to be eligible for assisted sublets this coming lease term.
