Subletting your property: Guidelines for homeowners
If you are a homeowner considering subletting your property, it's important to understand the process and guidelines involved. This website section provides you with the necessary information to help you navigate subletting as a leaseholder.
- Review your lease agreement : Before proceeding with subletting, carefully review your lease agreement to determine if there are any specific provisions or restrictions regarding subletting. Some lease agreements may require you to seek permission from us before subletting your property.
- Seek permission: If your lease agreement requires permission for subletting, contact us to request approval. We’ll provide you with the necessary information and guidelines regarding the subletting process. Be prepared to provide details about the proposed subtenant, including their background and intended duration of stay.
- Obtain consent in writing: It's important to obtain written consent from us before subletting your property. This ensures clarity and protects your rights as well as those of the subtenant.
- Inform us: Once you have obtained permission and found a suitable subtenant, inform us about the subletting arrangement. Provide us with the necessary details, such as the subtenant's name, contact information, and the duration of the sublet.
Remember, subletting your property comes with responsibilities as a leaseholder. Ensure that you:
- Inform the subtenant of their obligations, such as adhering to the terms of your lease agreement, paying rent promptly, and respecting the property and its rules.
- Maintain regular communication with us, keeping us informed of any changes or issues related to the subletting arrangement.
- Continue to fulfil your financial obligations, including payment of ground rent, service charges, and any other fees outlined in your lease agreement.
Shared Ownership and subletting
In the case of shared ownership properties, subletting is generally not permitted unless there are extenuating circumstances. Shared ownership is designed to provide affordable homeownership, and the intent is for the property to be occupied by the shared owner.
However, if you find yourself in a situation where you need to sublet your shared ownership property, it is important to contact us to discuss itWe will review your situation and provide guidance on the necessary steps, including obtaining our consent and any relevant documentation.
It's crucial to note that subletting a shared ownership property without proper authorisation can breach the terms of your shared ownership agreement and may have legal consequences.