Apartments for Rent | Buckeye Real Estate

Subletting Policy

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. Below are the options for Lease change and Re-rental:

***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 lease change/roommate exchange in our office (See LEASE CHANGE information below).
***If all lessees on the lease agreement need to move out before the lease termination, our office has a re-rental option (See RE-RENTAL information below). .

LEASE CHANGE
How to complete a lease change:
**before a lease change can be initiated, the lease file must be complete with all guarantors returned**

Before we can begin, Email julie@buckeyerealestate.com the legal name and email address of the person who will be added to the lease and the name of the person who is being removed (if any) and when this change is taking place. We will send an application to the new person for completion. THE APPLICATION SHOULD BE COMPLETED WITHIN 24 HOURS.

Once the application has been received, the person who is responsible for the change should come to our office prepared to facilitate the signing of the change form (digitally signed by all of the people currently on the lease to be changed) AND facilitate the signing of all of the people who will be on the updated lease. These documents will both be signed within minutes of each other by ALL RESIDENTS and WHILE the facilitating resident is present in our office.

The facilitating resident will:

Pay a one-time $40 lease change fee either cash at the office or on the portal.
Our office will send a Lease Change Form to everyone currently on the document to confirm the change.
When the form is returned, we will then send an updated lease with the leaving roommate removed and the new roommate added on the document and the lessees will sign the updated lease.
Once the new lease is received back with the correct updated signatures, the updated file will go to accounting and the facilitating roommate can leave the office.
If the residents have parental cosigners as their guarantor, we will then send the cosigner form out to the person named by the new resident as their cosigner.

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 $50 screening fee online, signing the lease, and obtaining a guarantor.

RE-RENTAL
Fee: $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 $250.)
If the resident places the unit up for re-rental, we will market and show the unit in an attempt to get a new renter moved in as soon as possible. When signing a re-rental agreement, our office will need to know your definitive vacate date in order to properly market the unit for a new move in.

According to the lease, the resident is responsible for the lease until replacements can be found and a new lease is executed.
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 $50 screening fee online, signing the lease, and obtaining a guarantor.

UPDATED February 2024