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
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.
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.
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.
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.
Assisted Subleasing Program
Madbury Commons is happy to offer an assisted subleasing opportunity from 06/11/2023 – 08/25/2023! Water Country in Portsmouth, NH will have a large group of interns that will be subletting from us for this period. Units selected to participate will be chosen on a ‘first come, first served’ basis, and only FULL units where all residents intend on subleasing the 2023 summer will qualify.