By: Advocate Brokerage
As the summer months are upon us and vacation time is just ahead of you, there may be an opportunity for you to sublet your property to others; however, there are many risks in doing so and, if you rent, the decision may not be solely up to you. In the state of New York, it is required you receive the consent of the landlord to assign your lease to a temporary tenant.
People sublet their space for a variety of reasons, which can include moving before your lease has ended or traveling for an extended period of time. In any case, as you are the signer of the lease, you are fully responsible for anything that may occur in your apartment. Having renter’s insurance will help to protect you and your property in the event of theft or a damaging accident.
Tips for Safe Subletting
If you have concerns about subletting and would like to discuss your renter’s insurance policy with one of our Advocate Brokerage representatives, or if you would like to obtain a quote for renter’s insurance, please give us a call or check our website for more information.