Three Incentives To Offer If You Have Trouble Subletting Your Apartment
It can make a lot of sense to sublet your apartment unit when you need to vacate it for a period of time but don't want to give it up completely. When a housing need arises in the future, you can simply inform your sublet tenant in a reasonable amount of time and then move back in—saving you the hassle of looking for new apartments for lease. In some cases, you'll have no trouble finding someone to sublet your apartment. This is especially common if you live in a desirable building or an area that is convenient to many different locations. However, you may sometimes struggle with getting someone. In such a situation, here are some incentives that you can offer people.
You'll Pay Part Of The Rent
In subletting situations, it's common for the person taking over your apartment unit to pay what you've been paying in rent. For example, if you've been paying $1,200 a month, you'll customarily have the new tenant pay that same amount. However, if you need to offer an incentive to get someone to occupy the unit quickly, there's arguably no better way than by offering to help financially. In the above situation, you might charge the sublet tenant $1,050 and cover the other $150 yourself. Doing so might be less than ideal, but it's a small price to pay, given the circumstances.
You'll Be Flexible With Furnishings
In many cases of subletting, the sublet tenant will move into your apartment and use your appliances and furniture. You'll find that lots of people like this situation, as someone who is subletting may not own such items. However, this won't always be the case. If you're negotiating with someone who isn't keen on moving into a furnished unit, consider offering the incentive of moving your furnishings out. You can put them in a storage unit for a fraction of the price that you'd have to pay for keeping the apartment without someone subletting it from you.
You'll Make The Notice Length Favorable
The amount of notice that is necessary either from the sublet tenant or from you can get in the way of you getting someone to move into your unit. For example, if you want a tenant to give two months' notice before leaving so that you can find a replacement, some prospective tenants might only want to give one month. Similarly, if you want to give one month of notice if you need the tenant to vacate the unit so that you can move in, some tenants might want longer. Being flexible and finding a solution that works for the sublet tenant can be a good idea.