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What Is the Difference Between a Lease and Sublease?

When you’re ready to contact a property management company about renting your first apartment, you should take a few minutes to familiarize yourself with the legal aspects of being a tenant. If you’re approved to rent an apartment, you’ll have to sign a lease. This is a legally enforceable contract between you and your landlord. It specifies conditions of your tenancy, such as the amount of the rent, and it spells out the duties and responsibilities of each party.

You might have heard the term “sublease.” You can find out more about this type of rental agreement by watching this video. It explains the potential complexities of subleases and why rental property management companies often do not allow renters to sublet their apartments.

MRS Property Management in Beverly, MA, has been providing superior services for landlords and tenants since 1990. If you’re in need of expert property management services or you’re looking for an apartment to rent, give us a call at (978) 927-3690.

Categories: Property Management