Breaking a Clipper Equity Lease: Assignment or Sublet?

Step 1 · Permission

Send the request to the team authorized to handle your building.

Use your current property representative. For routing, Clipper Equity’s contact page lists 718-438-2804. Match the apartment and legal owner to your lease and recent notices before sending formal notice.

For 250 Livingston Street, check recent building notices for the authorized contact: Clipper Realty reports a temporary receiver for that property. Elsewhere, use your own building’s instructions. Say whether everyone leaves, one roommate changes, or you intend to return.

Step 2 · Written terms

Get an approved offer and a clear end to the old lease.

• Rent and dates: approved price, remaining term or new lease, concessions, and start conditions.
• Application: requirements, checklist, submission link, and decision contact.
• Costs: proposed charges, final rent, security, and any refunds or credits.
• Release: the effective date and treatment of each departing tenant and guarantor.

Ask who signs for the owner. If recent notices name a new manager or receiver, have that team confirm the approval and signing process.

Assignment or sublet?

Match the paperwork to the move you actually need.

Assignment and subletting follow different New York consent rules. Program-restricted and rent-regulated apartments can have additional rules or exclusions. Ask how your apartment is treated before promising a takeover or temporary sublet.

Step 3 · Qualification

Check the requirements for this apartment and household.

Ask the team for the income, credit, household, and guarantor criteria, accepted records, and lawful alternatives. Check a candidate’s dates, occupants, pets, guarantor needs, and document readiness before starting the application.

For Flatbush Gardens, ask which admission, rent, and assistance rules apply to your unit. The property has an HPD Article 11 regulatory agreement. Confirm whether management can consider your proposed renter and whether a separate program approval is needed.

Step 4 · Application

Get the application link from the person handling the replacement.

The public Now Leasing form collects prospective-renter inquiries. Ask management to send the actual unit’s package and explain how the applicant should identify the approved assignment or replacement lease.

• Check the owner, unit, rent, term, and proposed start on the package.
• Include all applicants, occupants, and any guarantor.
• Have candidates submit sensitive records directly through the designated channel.
• Confirm completeness, any program decision, and the remaining signing steps.

Clipper’s ClickPay portal handles rent payments and billing. Keep your credentials private and ask how the incoming renter will set up their own account after approval.

Step 5 · Find the replacement

Use the approved offer and the apartment’s actual condition.

Get permission to advertise and show the apartment. Use the approved rent, remaining term or new-lease dates, recurring charges, and application requirements. Keep the proposed start conditional on approval and signing.

• Photos: show the actual unit, light, layout, and condition.
• Access: agree on showing notice, hours, attendance, and keys.
• Readiness: settle cleaning, repairs, clearing, and furniture staying.
• Incentives: document any outgoing payment separately from the rent.

Use the application issued by the authorized team. Do not send candidates an online form template or promise a renewal, waiver, or immediate move that management has not approved.

Fees and security

Agree on the final rent, charges, and deposits before signing.

Request an itemized assignment or early-termination proposal. Ask what each charge covers, who pays it, when it is due, and what happens if the candidate withdraws or the incoming start changes.

• Rent: your last day charged and any agreed proration.
• Security: outgoing refund or credit, incoming deposit, and deductions.
• Account: outstanding charges, approved credits, and final balance.
• Services: moving costs and any permitted brokerage work agreed in writing.

For covered screening, New York law limits reimbursement to actual cost or $20, whichever is less, with report, receipt, and recent-report waiver requirements. Ask for the basis of any additional proposed charge before paying it.

Approval and handoff

Close the lease, payment account, and physical handoff together.

Coordinate the approval, signatures, required payments, any apartment work, and possession. Ask the current authorized representative to confirm when the conditions for your release have been met.

• Check the executed agreement for each departing tenant and guarantor.
• Photograph the condition and complete agreed clearing or repairs.
• Arrange keys, fobs, building move access, and utilities.
• Provide forwarding details and keep the final ledger and security accounting.

Save account records before changing recurring payments or access, and coordinate those changes with management. Retain the signed release; a ClickPay update or key return alone does not end the lease.

Find a replacement renter

I can help turn management’s terms into a listing and a qualified applicant.

I prepare the listing, manage inquiries and showings, screen prospective renters, and help the selected applicant complete management’s requirements. Management makes the approval decision. My role and broker fee are agreed in writing before marketing starts.

Send the address, rent, lease end date, preferred move date, and management’s reply.

Discuss my lease

For the broader legal options, see the NYC lease-break guide.