Sublet a house - 5 steps to follow
5 steps to follow when subletting a house in Sweden
As a houseowner you might need to sublet your house due to different reasons. This is not as normal as renting out an apartment but can nevertheless be done. To sublet a house is often a more complex process and it can be more difficult to find a tenant. Therefore we have created this 5 step guide towards a successful sublet.
1. Calculate expenses, set rental price
Start by calculating your expenses and capital cost of the house. Thereafter decide on a reasonable rent to charge from your future tenants.
2. Create property ad and find tenants
If your are getting professional help from services such as Renthia.com, you don't have to consider these steps, however if you prefer to take care of everything yourself, you need to start by creating a property ad. It is of importance that you create a clear ad to escape time-consuming and unreliable applicants.
To reduce non-serious applications, enter following details in your ad:
Address, city, area, square meters, rooms, availability date, rental length and pictures.
- A recommendation is to also attach floor plan and video
If you enter these details in your property ad, you can expect more serious applicants, given that the rent you charge is in accordance with other rents on the market.
Start contacting the tenants who have applied to rent your house. ask for references, do a credit check and get a good feel for the tenant. These aspects are very important when long-term renting a house.
3. Set up a rental agreement
When subletting a house it is vital that this is done right. The responsibility lies not only on the landlord but also on the tenant. A rental agreement is created and signed to protect both landlord and tenant in case of conflicts or any disagreements.
- Avoid settling for verbal agreement. Make sure a written rental agreement is signed.
4. Verify home insurance
Make sure that there are valid home insurances to cover damages during the rental period. Apart from your own home insurance, the tenant also needs to sign his own home insurance to not get fludded with sky-high repair costs. Now that you are aware of this, make sure the tenant is as well, and get proof of a signed home insurance by the tenant.
5. Inspect the house on move-in
This is imporant in order to be able to compare the current condition of the house with the one to come during and after the rental period. A house inspection is done to avoid confusion and uncertainties about damages in the house. Both landlord and tenant verify existing damages and this will be used to compare with the upcoming state of the house after the rental period ends.
- We recommend that you take pictures to strengthen the inspection document.
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