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Subleases

Tenant shall not assign their Rental Agreement, nor sublet the Property, or any portion thereof, without the prior written consent of the property management. Tenants wishing to sublease have the following options:

Option 1 – Tenant-Arranged Sublease:
Tenant is responsible for locating and identifying a proposed sublessee. Landlord will require a $150 sublease processing fee, which must be paid prior to preparation of the sublease documents. Once a sublease is prepared and sent, the fee remains due regardless of whether the sublease is completed.

Option 2 – Management Website Listing Assistance:
At Tenant’s request, management may advertise the sublease opportunity on Hodge’s website. Tenant remains responsible for all communication with prospective sublessees and for coordinating and conducting any showings. A $300 fee will be required for this service, which includes advertising the unit on Hodge’s website and preparation of the sublease paperwork. The fee must be paid prior to preparation of the sublease documents and remains due once the documents have been prepared and sent, regardless of whether the sublease is completed.

For either option, management will require that any proposed sublessee satisfy its routine leasing standards and guidelines, that any remaining tenants have provided written consent to the sublease, and that the sublessee sign management’s standard sublease agreement. A sublease does not relieve Tenant of liability under this Rental Agreement. Tenant remains fully responsible for the performance of all Tenant obligations for the entire remaining term of the Lease.

Sublease Process
Tenants wishing to sublease their unit must follow the steps outlined below:
 
Step 1 – Notify Management
Contact management to inform us that you intend to sublease your unit and download the Sublease Intake Form.
 
Step 2 – Complete the Sublease Intake Form
Email the completed Sublease Intake Form with the relevant details, including the proposed sublease start and end dates, deposit arrangements, sublease option, and other required information to rentals@hodgeco.com.
  • Option 1 – Tenant-Arranged Sublease: You locate a qualified subtenant on your own. A $150 sublease processing fee will apply.
  • Option 2 – Website Listing Assistance: Management will advertise your sublease on our website to increase visibility. You will still handle all communication with prospective subtenants and conduct any showings. The fee for this option is $300, which includes the listing and preparation of the sublease paperwork.
Step 3 – Identify a Subtenant
The prospective subtenant must meet our standard leasing qualifications and submit a rental application. If there are other tenants on the lease, they must all provide written consent via the sublet agreement. The agreement will be sent upon subtenant approval.
 
Step 4 – Pay the Sublease Fee
The applicable sublease fee must be paid before the sublease paperwork is prepared. Once the sublease documents are prepared and sent, the fee is due regardless of whether the sublease is ultimately completed.
 
Step 5 – Execute the Sublease Agreement
Once approved,  all current tenants and subtenant/s will sign management’s standard sublease agreement and any additional required documents. The sublease will not be considered valid until all documents are signed and approved by management.
 
Step 6 – Key Hand-off
Once all documents have been signed and approved by management, it is the tenant’s responsibility to provide the subtenant with all required keys, fobs, and remotes (when applicable).

 

201 Iowa River Landing Place, unit 105

Available: NOW
Rent: $1,560/month
Lease duration: 12 months
Parking: Free

201 Iowa River Landing Place, unit 105

Available: NOW
Rent: $1,560/month
Lease duration: 3 months
Parking: Free outdoor + one garage space