San Francisco?s
apartment rental market has always been challenging. It can be even more complicated when you are a subtenant.
Subtenants are the people who rent rooms within an apartment, but don?t deal with the landlord directly. That responsibility falls on the master tenant, the tenant who is on the apartment lease, and holds the responsibility of renting the additional rooms ? or making up the monthly rental difference if not all of the rooms are rented in a given month.
Master tenants are typically stable renters who have steady work and a long-term commitment to staying in San Francisco. Subtenants could be anyone ? and if you?re having a hard time finding a studio or affordable SF apartment, sharing with others is probably the best way to solve the rental problem.
The most positive part of subtenancy is that it makes San Francisco life feasible for those who utilize it. If you?re a subtenant, though, there are some pitfalls that you should know about before you agree to rent from a master tenant.
-Your rent may be higher than an even split of the apartment?s monthly cost.
This has been happening more frequently now that rents are up and supply is dwindling in San Francisco. Master tenants may not be forthright about what rent they pay for the entire unit and you?re at their mercy when it comes to the rent for one room. Negotiating might be more realistic in a down market, but right now it?s probably a very bad idea.
-You?ll have to deal with roommates, and you probably won?t get a say in who they are.
Renting from a master tenant means that the master tenant alone is in charge of deciding who the subtenants are. He or she doesn?t need to include your opinion as a part of the decision making factor. You?ll just have to grin and bear it.
-There probably won?t be much privacy, or a parking space.
Homes with individuals renting each room aren?t known for their peace and quiet. Talk to your master tenant about who the other renters are ? before you decide whether nor to put down a deposit and move in. Also, designated apartment amenities like parking are going to be used by the master tenant, and you may not be able to get a neighborhood parking permit since your name won?t be on any official lease documents.
What have been your best and worst subtenant experiences in San Francisco?
Source: http://www.rentcafe.com/blog/cities/san-francisco-ca/the-perils-of-being-a-sub-tenant-in-san-francisco/
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San Francisco?s apartment rental market has always been challenging. It can be even more complicated when you are a subtenant.
Subtenants are the people who rent rooms within an apartment, but don?t deal with the landlord directly. That responsibility falls on the master tenant, the tenant who is on the apartment lease, and holds the responsibility of renting the additional rooms ? or making up the monthly rental difference if not all of the rooms are rented in a given month.
Master tenants are typically stable renters who have steady work and a long-term commitment to staying in San Francisco. Subtenants could be anyone ? and if you?re having a hard time finding a studio or affordable SF apartment, sharing with others is probably the best way to solve the rental problem.
The most positive part of subtenancy is that it makes San Francisco life feasible for those who utilize it. If you?re a subtenant, though, there are some pitfalls that you should know about before you agree to rent from a master tenant.
-Your rent may be higher than an even split of the apartment?s monthly cost.
This has been happening more frequently now that rents are up and supply is dwindling in San Francisco. Master tenants may not be forthright about what rent they pay for the entire unit and you?re at their mercy when it comes to the rent for one room. Negotiating might be more realistic in a down market, but right now it?s probably a very bad idea.
-You?ll have to deal with roommates, and you probably won?t get a say in who they are.
Renting from a master tenant means that the master tenant alone is in charge of deciding who the subtenants are. He or she doesn?t need to include your opinion as a part of the decision making factor. You?ll just have to grin and bear it.
-There probably won?t be much privacy, or a parking space.
Homes with individuals renting each room aren?t known for their peace and quiet. Talk to your master tenant about who the other renters are ? before you decide whether nor to put down a deposit and move in. Also, designated apartment amenities like parking are going to be used by the master tenant, and you may not be able to get a neighborhood parking permit since your name won?t be on any official lease documents.
What have been your best and worst subtenant experiences in San Francisco?
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