Beyond the Diag Sublease Agreement

If you`re a student at the University of Michigan, you`re probably familiar with Diag – the large, open space in the heart of campus where students gather to study, socialize, and enjoy various events. Living near Diag is a dream of many students, but finding affordable housing in the area can be a challenge. That`s why many students opt for subleasing from other tenants who have already secured a lease in a prime location near campus. However, beyond the Diag sublease agreement, there are a few things you should keep in mind before signing a lease.

1. Check with the Landlord or Property Management Company: Before signing a sublease agreement, it is advisable to check with the landlord or property management company to ensure that subleasing is allowed. Not all landlords or property management companies allow subleasing, and it could put you in a tight spot if you sign a lease only to later find out that subleasing is prohibited.

2. Understand the Terms of the Lease: Make sure you fully understand the terms of the sublease agreement. Go through the agreement carefully and check for any restrictions on occupancy or use of the property. Ensure that you know who is responsible for utilities, rent, and other expenses.

3. Identify the Length of the Sublease: It`s essential to know the exact dates when the sublease starts and ends. Ensure that the sublease duration aligns with your academic schedule, as you don`t want to be stuck with a lease after the semester is over.

4. Know the Security Deposit Policy: Some landlords or property management companies require the original tenant to collect a security deposit. Ensure you know how much the security deposit is, how it should be paid, and if it is refundable.

5. Be Aware of Your Legal Rights: Remember that you are entitled to the same legal rights as the original tenant under the sublease agreement. Familiarize yourself with the legal statutes on subleasing in your state to ensure that your rights are adequately protected.

In conclusion, beyond the Diag sublease agreement, there are several things to consider before signing a lease. Ensure that subleasing is allowed, understand the terms of the lease, know the length of the sublease, be aware of the security deposit policy and your legal rights. By following these tips, you can save yourself from significant aggravation and avoidable expenses.

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