NYC Renters’ Guide
New York Real Property Law is complicated. Not surprisingly, we’ve found that most people have no idea what the hell is going on. Should you sublet your apartment or assign your lease to a new person? If you thought they were one and the same, we’ve got some revelations coming up for you.
This tool was developed to clarify nearly every situation a New York City resident might find themselves in when it comes to subletting, breaking a lease legally, or finding a roommate — all of which are absolutely, totally legal.
If that wasn’t enough, we’ve also provided options to help you decide what route may best suit your needs.
Least amount of liability, but most stringent requirements.
Lease Assignment means that you, the leaseholder, transfer ownership of your lease to another individual.
High amount of liability, but moderate requirements.
Subletting means that you, the tenant (leaseholder), rent out your apartment to another individual to reside in your absence. If you, or a (co-tenant) currently live in the apartment, an occupant could be a better fit.
High amount of liability, but least demanding requirements.
Not to be confused with subletting, an occupant is one non-family member (and their children) who lives with you, the leaseholder. Unlike a lease assignment or sublet, an occupant does not have to be qualified by your landlord.