Subletting vs. Renting: What's the Difference?

"English is a difficult language. It can be understood through tough, thorough thought, though." - Anonymous

If you relate to the quote above at all, trust me, I understand. English is a complex, confusing language with many unnecessary and befuddling words. Two words that any room-hunter should undoubtedly know, though, are renting and subletting. So, as Squibber's master wordsmith, I'm here to give you the lowdown on two of the most critical gerunds in the world of housing.

Subletting

A sublet is when someone new is added to an existing lease. Like a rental agreement, subletting involves paying rent and signing a legally binding contract, with a state-specific sublease agreement often necessary. These documents will be provided by a landlord, property manager, or, hopefully, Squibber.

A subletter usually replaces a tenant who is not living in a property for a specific period of time. During the period of their sublease, a subletter is held liable for all costs and expenses that they have negotiated with the tenant or landlord they are subleasing from, whether that be rent, gas, electricity, or any other fees. Additionally, they must comply with all provisions outlined in the lease agreement. Once the period of the sublease concludes, the subletter leaves the property, usually to allow the original tenant to return.

When Subletting Makes Sense

In the world of college students, subletting makes sense for those who will be:

• Studying abroad
• Graduating early
• Attending classes part-time

It allows students to have a place to live, work, and sleep for a specific period, without being committed to a long-term lease, yielding increased flexibility. It can also be more cost-effective, as subletters are not required to pay rent outside of their sublease window.

The Trade-offs

On the other hand, subletters often have little control over the property itself, whether it be adjusting furniture or choosing a room. Nonetheless, subletting is a great way to save money and maintain flexibility while looking for a place to live at school.

Renting

Renting means that you are one of the original signatories on a lease. In order to rent a property, you, or you and a group, will need to reach out to a landlord or property manager. Subsequently, you will have to negotiate and sign a lease agreement. For college students, lease agreements typically last one or two years.

As a renter, you have first rights and control over your living space and a say in any potential future subleases. Typically, renters are the ones who furnish the property and make decisions over amenities such as internet, things that subletters usually have to accept upon their arrival. Renters are able to sublet their space, with the approval of their landlord or property manager, over a specified period of time. They pay rent, usually due each month, along with other utilities and maintenance fees.

When Renting Makes Sense

Renting makes sense for those who desire more control and stability. Renters are expected to stay out the duration of their lease, though they are free to sublease their property at any time, as long as it is approved by the landlord.

The Trade-offs

Nonetheless, renting is often less cost-effective, since renters are "on the hook" for their rent, even during months when they may not be living in the space, unless they are able to find a subletter. Still, renters have control over the design and functionality of the living space, allowing them to create a more familiar environment than is usually available for a subletter.

The Bottom Line

So, there you have it, the domicile dictionary's first two entries. I hope I was able to help you better understand the housing process with some accommodation appellations. Whatever your preferences for finding student housing are, one thing is for sure - the best place to simplify student subletting is Squibber.

So the next time you have an idiom inquiry, just look for the elephant with the hat.