Looking for a sublease at a JSM apartment short term from a current resident? Take a look at our sublease list ! http://www.jsmapts.com/client/ApartmentListing.aspx
Subleasing Information
Current residents may sublease their apartment to another
person by signing a sublease agreement through JSM. This sublease contract is an agreement
between the original resident (sublessor)
and the new resident (sublessee). The original resident will still be
ultimately responsible to JSM for the lease obligations should the sublessee
not fulfill her sublease obligations.
Current residents are responsible for locating their own
sublessees. Choose responsible
individuals as your sublessees. Residents
can place their names on JSM’s online sublease referral list, http://www.jsmapts.com/client/SubmitListing.aspx. We also suggest that residents searching for
sublessees place an ad in the Daily Illini and/or post flyers throughout
campus.
All sublease applicants must submit an online
application. Once a sublessee is found,
please instruct them to submit their application located on our website, www.jsmapts.com, before an appointment can
be scheduled. Original residents must
call our office (217-359-6108) to schedule a sublease signing appointment. Potential sublessees not passing the credit application
will not be allowed to sign the sublease agreement. Any outstanding balance must be paid in full
before the sublease signing appointment.
Before the appointment, original residents and potential
sublessees must discuss and decide upon the following items which will be
written into the sublease agreement:
start date of the sublease, end date of the sublease (cannot exceed the
lease end date), sublessee payment amount and security deposit. If the agreed sublease amount is short of the
lease amount, the sublessor will be responsible for paying the difference to
JSM.
JSM strongly suggest that the sublessor require the
sublessee to pay a security deposit.
JSM recommends $200 per person but can be any amount agreed upon and is paid directly to the original
resident. At the sublease signing
appointment, residents will be given a new “Inventory & Condition
Report”. JSM recommends that on or near
the start date of the sublease, one of the current residents and one of the
sublessees inspect the apartment together noting the condition of all items on
the Report. Both individuals should sign
it, date it and keep copies for themselves.
If the sublease end date coincides with the end of the original lease,
the sublessor will wait to receive the information on deductions from the original
security deposit paid to JSM. The
sublessor is required to return the sublessee’s security deposit within thirty
days of receiving information on their security deposit from JSM. If the sublease end date is prior to the end
o the original lease, the sublessor will need to inspect the apartment for
damages. The sublessor must return the
security deposit within thirty days of the end of the sublease agreement.
If all roommates of an apartment (with more than one lessee)
are subleasing, the current residents need to designate one roommate to act as
their representative to sign the sublease by signing an “Authorization to Designate Sublease Signing Representative”
form. This form can be obtained from our
office or downloaded from our website, but needs to be signed and presented at
the sublease signing appointment. The
representative is the only person from the current roommates that needs to come
to the signing appointment. However, all
new sublessees must be present at the signing appointment.
If only some of the roommates are subleasing, the remaining
roommates not subleasing must sign a “Sublease
Authorization” form which can be obtained from our office but needs to be
presented at the sublease signing appointment.
Summer sublessees
(those who sublease from May through August only) as well as the
original residents must pay the entire summer rent amount to JSM at the
lease signing appointment. Summer sublessees must pay by cash, cashier's check, money order or credit card – no personal checks. Original residents may pay with personal checks, cash, cashier's check, money order or credit card. Regular sublessees
can pay their rent in monthly installments on the first of each month
in accordance with the original lease agreement by personal check, cash
,cashier's check, money order or credit card. ** If you choose to
pay by credit card for summer subleasing purposes, the payment must be
made on our website at least 24 hours prior to your appointment. You
must also print our your payment receipt and bring it with you to the
appointment.
If any of the original residents has automatic withdrawal
for rent, he/she must fill out a summer withdrawal form. If a summer withdrawal form is not turned
into the office, the original amount will continue to be deducted.
If a parking space is also being subleased, an “Agreement to Sublease Parking Space”
can be obtained from our office and must be completed by the original parking
tenant and the person to whom the space is being sublet.