SUBLETS AND ASSIGNMENTS a. Subject to the Landlord’s written consent, a tenant may sublet the Tenant’s right to occupy the apartment.
b. A sublet occurs when a Tenant transfers to a third party (the “Subtenant”) the Tenant’s rights to occupy the apartment for a specified period of time, with the agreement that at the end of the sublet the Tenant reserves the right to reoccupy the apartment. One Sublet per academic term is permitted. An academic term is considered Fall, Spring or Summer term.
c. In the case of a sublet, the Tenant remains obligated to the Landlord under the Lease and the Subtenant becomes obligated to the Tenant. The original Tenant remains liable for payment of rent and other obligations under the lease, including liability for any damages to the apartment, even if caused by the Subtenant. All lease rules apply to the Subtenant.
d. A Lease Assignment occurs when a Tenant transfers all of the Tenant’s rights to occupy the apartment to a third party (the “Assignee”) for the entire Lease term. In an assignment the Tenant reserves no right to reoccupy the apartment. In the case of a Lease assignment, the Assignee becomes obligated to the Landlord under the Lease in place of the Tenant. Payments received prior to the completed assignment shall be credited to the Assignee.
e. It is the responsibility of the Tenant to find their own Subtenant or Assignee, and to negotiate all lease terms and payments.
f. The Landlord will not unreasonably withhold consent to a Tenant’s request for a Lease assignment or a sublet. The Landlord will consent to a Tenant’s request for a Lease assignment or sublet if all of the following are met:
1. The Tenant submits a completed request form to Ithaca Renting Company. Sublet Consent Request or Lease Assignment Request Forms are available at xxx.xxxxxxxxxxxxx.xxx under Forms or from the Rental Office.
2. In the case of an apartment having more than one Tenant, all of the remaining Tenants consent in writing to the Lease assignment or the Sublet and the written consent(s) are submitted to the Landlord;
3. A copy of the completed request form, having the original signatures of all Tenants named on the lease and the Assignee or the Subtenant must be delivered to Ithaca Renting Company. Electronic forms are permitted.
4. The proposed Assignee or proposed Subtenant has not been in the past a troublesome tenant to the Landlord or to any other Landlord for which Ithaca Renting Company acts as agent; and
5. The proposed Assignee or proposed Subtenant...
