Leaving a K&R Realty Rental: Assignment or Sublet?

Step 1 · Permission

Ask the property team how your apartment can be re-rented.

Use the contact on your lease or recent management notice. Include the address, apartment, leaseholders, lease end date, and preferred departure. Follow your lease’s formal notice method.

If you need help reaching the team, HPD lists lili@kandrrealty.com and 646-834-9391 for K&R’s housing-marketing work. Ask for the contact handling your building’s tenancy request.

Step 2 · Written terms

Confirm the replacement process before offering the apartment.

• Route: assignment, a new lease, or another agreed exit.
• Intake: whether you can introduce a candidate or the program uses another process.
• Offer: approved rent, dates, recurring charges, and application requirements.
• Your exit: final rent, charges, security, release date, and guarantor treatment.

K&R appears on HPD’s qualified affordable-housing marketing-agent list. Ask which rules apply to your own apartment rather than assuming all buildings use the same replacement process.

Assignment or sublet?

Match the agreement to a permanent or temporary departure.

Follow the consent procedure for your lease and program. New York law treats assignment and subletting differently; a permitted temporary sublet generally keeps you responsible for the prime lease.

Step 3 · Qualification

Use your apartment’s criteria to assess the incoming household.

Ask the team for the household, income, credit, and guarantor requirements, along with accepted records and lawful alternatives. Confirm how assistance, assets, or a tenant-paid rent portion are assessed where relevant.

If an admission program applies, ask who reviews eligibility and how candidates enter the process. Keep financial and eligibility records with that reviewer.

For a roommate change, identify who leaves, who stays, and who would replace them. Ask what documents change the lease and any guarantee.

Step 4 · Application

Have management send the current incoming application and checklist.

Request the link and document list for the approved apartment and transaction. The K&R resident portal handles existing-user account access; ask the team where a new household should apply.

• Check the apartment, approved rent, term, and proposed start.
• Include everyone applying, occupying, or guaranteeing the lease.
• Send records directly through the designated application route.
• Ask for confirmation of completeness and the next eligibility, approval, or signing step.

Have the incoming renter use their own application. Do not share your resident login or treat a profile change as a leaseholder change.

Step 5 · Find the replacement

Advertise only after management confirms you can introduce candidates.

If management authorizes a replacement search, use its rent, dates, charges, and qualification requirements. If the program requires a waiting list or remarketing process, follow that route instead.

• Photos: show the occupied apartment and its condition accurately.
• Showings: agree on notice, hours, attendance, privacy, and keys.
• Readiness: identify cleaning, repairs, and anything that must be removed.
• Incentives: get approval for any proposed arrangement and document its payment conditions.

Do not promise eligibility or possession because a candidate can move quickly. Confirm review, signed documents, required payments, and readiness first.

Fees and security

Get an itemized exit proposal for your apartment.

Ask management what is payable, who receives it, when it is due, and what happens if the candidate does not proceed. Confirm any program’s no-fee application rules before collecting or promising payments.

• Assignment or termination: get the quoted amount and conditions in writing.
• Final rent: agree on your last day and any mid-month proration.
• Security: confirm your accounting and what the incoming renter supplies.
• Moving and services: arrange access, utilities, and account closure.
• Brokerage: confirm permitted services and agree on your marketing work and fee 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.

Approval and handoff

Finish the owner’s agreement and any required program review before keys change hands.

Coordinate eligibility review, approval, signatures, required payments, any work, and the agreed start. Ask who will confirm that the conditions have been met.

• Check the release for every departing tenant and guarantor.
• Photograph the condition and finish agreed clearing or repairs.
• Arrange the move, keys, devices, and utilities with management.
• Provide forwarding details and keep the final ledger and security accounting.

Keep the signed documents and completion confirmation. An application decision or resident-account update does not by itself settle the outgoing 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.