Breaking a Kibel Companies Lease: Assignment or Sublet?

Step 1 · Permission

Reach the Kibel team responsible for your apartment.

Start with your resident contact. The Jamie and 85 John list 212-481-5700, extension 222, and info@kibel.com. For 90 West, use 212-587-9090 or rent@90weststreet.com.

Say whether everyone is leaving, one roommate is changing, or you plan to return. Ask who handles consent and release, and follow your lease’s formal notice instructions separately.

Step 2 · Written terms

Confirm the offer and current instructions before finding someone.

• Rent and dates: approved rent, start date, remaining or new term, and any concession.
• Application: current package, criteria, accepted guarantor arrangements, and submission channel.
• Costs: an itemized quote, each charge’s basis, authorized payee, and security instructions.
• Release: the agreement, required signatures and funds, and effective date ending your obligations.

For a roommate change, identify which tenants and guarantors stay liable and which need a release. Confirm whether the remaining household must requalify.

Step 3 · Choose the route

Get a clear answer on the remaining term or a new lease.

Ask how the structure changes the incoming rent and dates. Confirm any renewal offer before advertising it and ask what happens to your rent responsibility if the replacement starts later.

New York Real Property Law § 226-b generally requires written owner consent for assignment. Covered apartments in buildings with four or more residential units have a separate sublet process. Regulated and special-program apartments can have additional rules; confirm the applicable route for your unit.

Step 4 · Applicant requirements

Check the criteria for your unit before selecting a renter.

Ask how income is calculated, which financial evidence is accepted, what credit review applies, and which guarantor routes are available. Confirm the qualifying rent and treatment of combined income or assets.

Flag self-employment, variable earnings, a new job, overseas documents, or rental assistance early. Have management confirm an accepted guaranty product and candidate eligibility before anyone purchases coverage.

Confirm any admission restrictions for the actual apartment. Kibel’s portfolio includes properties outside NYC, so keep the application and exit instructions tied to your address.

Step 5 · Apply

Prepare the records and request the current submission package.

The posted application packet identifies these supporting records. Confirm the current requirements and accepted alternatives:

• An employment letter and two current paystubs, or CPA verification for self-employment.
• A bank reference or the specified recent statement summaries.
• A reference from the current landlord.
• Photo identification for occupants and supporting records for any guarantor.

Ask which adults must apply and which forms replace the older packet. Match the address, rent, dates, and household to the approved offer, and submit sensitive documents through management’s designated channel.

Confirm receipt, missing items, the decision contact, and the next signing step. Keep screening approval separate from the consent and release documents still to be completed.

Step 6 · Find the replacement

Present the actual apartment and approved terms.

Once marketing is authorized, use current photos, the actual layout and condition, approved rent, recurring charges, available date, and lease length. Clarify furniture and whether the offer is for the whole unit or a roommate change.

Agree on showing times, attendance, key handling, and candidate referrals with the household and building. Put any incentive you fund in writing and keep it separate from rent payable to the owner.

Keep the advertised offer consistent with the application. Have management approve changes to rent, dates, or term before revising the listing or promising a prospect different terms.

Step 7 · Money

Resolve the old fee wording and get a separate exit quote.

The downloadable packet shows a $100 application charge. Ask for current lawful instructions before paying. For covered applications, § 238-a limits combined background and credit checks to actual cost or $20, whichever is less. It requires a report copy and receipt or invoice, with a waiver for a qualifying report from the past 30 days.

Get final rent, any proposed transfer or surrender charge, concession treatment, moving expenses, and security as an itemized exit quote. Ask what each charge covers, where it is authorized, when it is due, and what happens if the start date changes.

Get separate instructions for your deposit and the incoming renter’s security. Do not assume your deposit transfers or pays final rent. Agree separately on any brokerage service you hire.

Step 8 · Finish the transfer

Confirm the signed release before possession changes.

Check every departing tenant and guarantor, the effective date, required funds, and possession conditions. Ask what happens if the approved renter does not sign or complete payment.

Arrange the move reservation, mover insurance, elevator access, inspection, and key return. Photograph condition, align utilities and services, provide a forwarding address, and keep the executed documents and final account.

Track permission, the complete application, review, signatures, funds, and the move separately. If paperwork or dates change, get revised rent and release terms before relying on the original plan.

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.