Subletting your apartment or rental property can be a great way to earn some extra money, but it`s important to make sure you have a solid sublet lease agreement in place. A sublet lease agreement is a legal contract between the original tenant (sublessor) and the person who will be subletting the property (sublessee). It outlines the terms and responsibilities of both parties and helps protect everyone involved.

Here are some important things to consider when creating a sublet lease agreement in Wisconsin:

1. Get written permission from your landlord

Before you can sublet your rental property, you must obtain written permission from your landlord or property management company. Make sure to provide them with all the necessary information about the sublessee, including their name, contact information, and the length of the sublease, to ensure that they are comfortable with the arrangement.

2. Outline the terms of the sublease

The sublet lease agreement should clearly state the start and end dates of the sublease, the amount of rent that will be paid, and any other terms or conditions that both parties need to abide by. It`s also a good idea to include any specific rules or guidelines for the sublessee, such as restrictions on smoking or pets.

3. Include a security deposit

It`s common practice to include a security deposit in a sublet lease agreement. This protects the sublessor in case the sublessee causes damage or fails to pay rent. The security deposit should be clearly stated in the agreement and should be returned to the sublessee at the end of the sublease if there is no damage or unpaid rent.

4. Specify who is responsible for utilities

The sublet lease agreement should specify who is responsible for paying utilities, such as electricity, water, and gas. In some cases, the sublessee may be responsible for paying all utilities, while in others, the sublessor may cover some or all of the costs.

5. Include an inspection checklist

Before the sublessee moves in, both parties should conduct a walk-through inspection of the property to document its current condition. This inspection should be included in the sublet lease agreement along with a checklist of any existing damage or issues. This helps protect both parties when it`s time for the sublessee to move out.

Subletting your rental property can be a great way to earn some extra money, but it`s important to make sure you have a solid sublet lease agreement in place. By following these guidelines and including all the necessary information, you can protect yourself and your property and ensure a smooth and successful sublease.