Re-rental vs. Roommate Exchange…
What if a resident needs to leave the apartment before the lease is up? While Buckeye Real Estate does not offer ‘Subletting’, we do offer other options that can assist when one or more lessees need to be removed from the lease for one reason or another:
***If there is more than one lessee on the agreement and only a select number of lessees are leaving, it is possible to complete a roommate exchange in our office.

  • All lessees currently on the agreement (including the one(s) leaving) must sign an exchange form to indicate which resident is being released from the agreement and the FULL, LEGAL name of the resident who will be taking that person’s place on the lease.
  • One form must be completed for each roommate exchange.
  • There is a $20 administration fee to complete this transaction that must be paid at the time paperwork is started via cash or check.
  • Lessees must sign the paperwork in the presence of a Buckeye Real Estate employee or have their signature notarized.
  • ALL lessees must sign the exchange form BEFORE the new resident can sign onto the lease.
  • PLEASE NOTE: The exchange is NOT complete until the new lessee has signed the lease agreement and completed their paperwork.
    Only ONE Roommate exchange can be pending at one time. Pending roommate exchange paperwork must be completed before a new Roommate Exchange Form may be started.
    Please note that any and all new lessees MUST complete all Buckeye Real Estate leasing procedures. This includes providing two forms of photo IDs, completing an application, paying the $20 screening fee, signing the lease, and obtaining a guarantor.

***If all lessees on the lease agreement need to move out before the lease termination, our office has a re-rental option.
Fee: One month’s rent, or, $1,000, if the monthly rental rate exceeds $1,000. (Note: If the resident finds a replacement lessee before the unit is placed for re-rental with our company and brings them in to take over the lease, the fee is $75.)
If the resident comes to our office and places the unit up for re-rental, we’ll put it back on the listing, back on the website and any additional marketing used at the time. Once a replacement lessee is found, a fee of one month’s rent is charged to the account.
Either way, according to the lease, the resident is responsible for the lease until replacements can be found and a new lease is executed. (See Below)

Section 16 of the Buckeye Real Estate lease agreement states:
18. DEFAULT/HOLDOVER: In the event Lessee is in default of any of the terms or obligations of the lease, violates and/or fails to comply with any of the covenants, terms or conditions of the lease, or any community policies herein or hereafter adopted by Lessor said default shall constitute grounds for termination of the lease and/or eviction by Lessor. It is expressly understood and agreed that Lessee shall be and remain liable for any deficiency in rent and damages to the end of the lease term. In the event of legal action being initiated against the lessee, a fee of $300 will be charged to the lessee for the purpose of reinstatement. There shall be assessed a fee of one months rent for the process of releasing a lease for the unit after default by the Lessee; if the rent is $1,000 or more, the fee will be $1,000. No tenancy of any duration shall be created by the holding over of this lease. The lease termination date shall end all rights to the Premises that Lessee may enjoy. If Lessee holdsover, Lessee is responsible for all costs/damages created by the holdover, including but not limited to expenses incurred in providing alternative/interim housing for subsequent Lessee(s). In the event the Premises become unfit for occupancy for a period of 30 days, the lease shall terminate and be void unless situation causing it is created by Lessee and/or if it is caused by the property and/or the materials of Lessee, Lessee’s guests or permittees on the property of Lessor.
Please note that any and all new lessees MUST complete all Buckeye Real Estate leasing procedures. This includes providing two forms of photo IDs, completing an application, paying the $20 screening fee, signing the lease, and obtaining a guarantor.

Updated: 1/2/19