Subleasing in College Town
I recently leased my upper 2-bedroom duplex to a football college student for the upcoming school year who now needs to drop out due to an injury. Though our agreement initially prohibited subleasing, we allowed it given the circumstances. Dealing with subleasing is new to me, so I’m seeking advice on how to proceed. The student’s parent co-signed, paying a semester’s rent upfront, covering them until year-end. The tenant is actively seeking replacements and mentioned potential interest. We would require potential new tenants to complete our application for qualification. If they qualify, would it be simpler to void the current lease and create a new one? Considering the upfront payment, I assume we’d refund based on the new lease start date. This property is in WI. Any other necessary steps?