Leaving a Rudd-Managed Rental: Assignment or Sublet?

Step 1 · Permission

Send the request to the property manager and your landlord.

Contact your building representative or call 212-319-5000. Rudd’s current website is erudd.com. Include the address, apartment, leaseholders, lease end date, and preferred departure.

If you rent from an individual co-op or condo owner, include that owner. Ask who handles consent and who coordinates any building application. Use the formal notice method required by your lease.

Step 2 · Written terms

Settle the landlord’s offer before sending a replacement to apply.

• Incoming lease: remaining term or a fresh lease, with approved rent and dates.
• Application: the rental package, qualification rules, and submission contact.
• Building review: whether approval or a waiver is needed and what it involves.
• Costs and release: charges, security, your final rent date, and guarantor treatment.

For a roommate change, name the person leaving and ask how the lease and guarantee will be amended. A household agreement to split rent does not itself remove a signer.

Assignment or sublet?

Match the agreement to a permanent or temporary departure.

New York’s rental assignment and sublet law does not apply to a shareholder’s proprietary lease. If you own co-op shares, use that lease and the building’s rules; if you rent from a unit owner, coordinate your landlord’s consent and any required building review.

Step 3 · Qualification

Ask for the rental criteria before screening candidates.

Get the income, credit, and guarantor requirements from the team handling the rental. Confirm whether household income can be combined and what documents or lawful alternatives are accepted.

Check the candidate’s household, move date, pets, guarantor needs, and document readiness. If the building also reviews the file, find out what it needs and how that affects the proposed start.

Step 4 · Application

Use the rental package issued for your apartment.

Rudd’s website labels its application portal for purchase and sale transactions. Ask the team for your rental link and checklist instead of starting an unrelated file.

The company lists brokerage and closing services. Ask which contact is coordinating your replacement and any board package so documents reach the right reviewer.

• Check the apartment, approved rent, term, and proposed start.
• Include every applicant, occupant, and guarantor.
• Send financial records directly through the designated application route.
• Ask for confirmation of completeness, the next decision, and anything needed before signing.

For a unit-owner rental, keep the landlord and building reviewer working from the same offer and dates.

Step 5 · Find the replacement

Advertise one approved offer and allow time for building review.

Confirm who may advertise and handle inquiries. Use the landlord’s approved rent, dates, charges, and qualification requirements, with accurate photos and a clear description of the occupied apartment.

• Showings: agree on access, notice, hours, and key arrangements.
• Term: state the exact dates and confirm any renewal language.
• Condition: explain repairs, cleaning, belongings, and what can stay.
• Incentives: document any outgoing payment or furniture arrangement separately.

Do not promise a move-in date before the landlord confirms the agreement, any building approval, and apartment readiness.

Fees and security

Get a rental quote that explains every charge.

Ask management to itemize the assignment or termination proposal and identify who receives each payment. Keep rental charges separate from purchase or resale charges.

• Final rent: agree on your last day and any mid-month proration.
• Application and building services: ask what each charge covers and what happens if approval fails.
• Security: confirm who holds your deposit, how it is accounted for, and what the replacement supplies.
• Brokerage: agree on the marketing work and fee in writing.

For covered rental 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 legal basis of a disputed charge rather than assuming a co-op label settles the question.

Approval and handoff

Finish the landlord agreement alongside any building approval.

Coordinate applicant review, any required building decision, signatures, payments, and the possession date. Ask who will confirm that all conditions have been met.

• Check the release for every departing tenant and guarantor.
• Photograph the condition and record agreed repairs, furniture, and removal work.
• Arrange the move, keys, access devices, and utilities with the building.
• Provide a forwarding address and retain the final ledger and security accounting.

Keep the signed agreements and completion confirmation. A favorable building decision is useful progress; your landlord’s documents should also settle your departure.

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.