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Updated over 4 years ago on . Most recent reply

User Stats

15
Posts
11
Votes
Robert D Wade III
  • New to Real Estate
  • Shell Lake, WI
11
Votes |
15
Posts

Subleasing in Wisconsin

Robert D Wade III
  • New to Real Estate
  • Shell Lake, WI
Posted

Hello to all I hope you are enjoying your day so far. I have a question about subleasing.

Currently I am staying in a 5 bed 1 bath house my rent is $500 a month and it’s just me I’ve been thinking about sub leasing the other four rooms for around $400 each. The problem that I am running into is that there is no lease between myself and the owners of the property. My question is what should I do? I was thinking of writing up a lease with a sublease clause that ups the rent by $100 per person. That would make my net after rent around $700 to cover utilities. Pleas let me know what you guys think.

Thank you,

Robert D. Wade III

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