It is common to sublet an apartment or condo for a while if you’ve got a vacation abroad or an extended business trip in the near future. You don’t want to give up your lease, but you also don’t want to pour money into a space you won’t be living in for an extended amount of time. Why not put it to good use and let someone else stay while you’re away? Well, it’s probably more uncommon, but could the same apply to office or warehouse space?
Say you only need a warehouse part of the year, when a big shipment comes in. Your stock of product dwindles as time goes on and on, opening up more and more space that you’re paying for but no longer using. Wouldn’t it make sense to sublease that increasingly unused space?
If you’re going on a business trip for a month or two, and staying away from the office space you lease, wouldn’t it make sense to sublease it out to someone else who could put it to good use (and receive your mail)?
When you signed your lease, your property management company likely included a stipulation about whether subletting is possible and how it can be done. If you’re in a predicament where you don’t want to let go of your lease but you won’t be using your space for a while, read the fine print! Sometimes it’s permissible to manage a sublease yourself and find a subletter willing to take over temporarily. In other situations you’ll have to put in a request and discuss it with your property manager, who may have a pool of applicants looking for temporary space. But know that while it may seem like a chore, a properly organized sublease could save you from the sunken cost of rent while you’re away.