Your lease consists of multiple documents/addendums:
- Residential Lease
- Damage Addendum
- Addendum to Lease
- Rules and Regulations
- Joint Lease Acknowledgement Letter
Urban Exchange residents were emailed a copy of all your paperwork shortly after you signed for your apartment, but you’re welcome to visit our sample forms as a quick reference 24/7! To request a copy of all your paperwork, simply email Info@UrbanExchange.com.
Subleasing vs Assigning
Sometimes things come up, and tenants need to move out earlier than expected for various reasons. The two options for getting out of your lease: subleasing and assigning.
- Subleasing – Your name stays on lease, and you are still liable for any damage or unpaid balances, another person agrees to the terms you set in the agreement. There is $150 subleasing fee.
- Assigning – Your name is taken off the lease and you are no longer liable for anything on the lease. The assignment fee is equal to one month’s rent.
Everyone that is on the lease has to agree, in writing, that the new person can be added to the lease. It is your responsibility to find your replacement. In some instances we can assist in your search, additional fees may apply.
Joint & Several Responsibility
Please keep in mind that joint and several liability means that all charges, damages and/or deductions are split evenly amongst roommates regardless of the scenario. This includes charges, damages and/or deductions present inside an individual bedroom or bathroom, as well as common spaces.