Landlords need to know every person over the 18 living in a rental property. If you have a three bedroom property and three people want to live there you need a signed lease agreement from all three renters along with a full background and employment check. Some landlords also allow others to livepros and cons of subletting in the property should one or more of the tenants during the lease have to travel or move out before the lease has expired. Landlords can appreciate having the option of subletting a unit to alleviate vacancies.

Others however say subletting is risky business. Should you have a sublet clause in your lease agreement? Here are a few pros and cons that can help you decide.

Pros Subletting helps keep the cash flow positive. Even though a tenant has full intentions of staying for the full lease term there are occasions when that promise can’t be met. Allowing a sublet gives the tenant some wiggle room and makes sure the rent is paid each month. Some landlords charge an extra fee for subletters. Students renting a home may want to go home during the summer months and subletting keeps the cash flowing. Subletting is also an attractive feature for prospective renters who see a safety value should one ever be needed.

Cons  Don’t let the original renter pick the subletter. You need a complete background check as with any other renter. Make sure your original lease agreement spells out the sublet process to avoid this. The original lease is responsible for the lease and a sublet is a temporary option. Subletting tenants may not feel as responsible paying the rent or taking care of the property as the original tenant is the person that signed the lease.

For those that intend to sublet but don’t want the headaches, make sure the sublet agreement and the original lease spell out the terms that favor you. Don’t lose control of the contract and prepare in advance what might happen.