Leaving an RXR Rental: Assignment or Sublet?

Step 1 · Permission

Ask your building team for the assignment terms.

Send the address, apartment, leaseholders, lease end date, and preferred move date. Ask whether management will approve an assignment of the remaining lease or offer the replacement a new lease.

At 475 Clermont, the residential leasing contact is Bozzuto at 833-421-0706. For another RXR building, use the management contact on your lease or resident notices.

If one roommate is leaving or you intend to return, explain that now so management can send the appropriate instructions.

Step 2 · Written terms

Confirm both the incoming offer and the end of your lease.

• Rent: base rent, recurring charges, and the payment schedule.
• Term: the remaining lease or a fresh lease, with exact dates.
• Concessions: what happens to your existing concession and whether the replacement receives one.
• Costs and release: your remaining rent, any quoted charge, security, and effective release date.

Use this reply to prepare the listing. Resolve missing terms before promising a price or move-in date.

Assignment or sublet?

Choose the route based on whether the departure is permanent.

An assignment requires written owner consent under New York law. A temporary sublet follows a different consent procedure and generally leaves you responsible for rent and the apartment.

Step 3 · Qualification

Screen against management’s requirements and the approved rent.

Ask the building team for the income, credit, and guarantor requirements before screening candidates. Confirm which rent figure it uses, whether household income can be combined, and which documents or lawful alternatives it accepts.

Check the candidate’s household, move date, pets, guarantor needs, and document readiness. If the apartment has an admission program, confirm its intake process before promising a private replacement.

Step 4 · Application

Have the replacement apply through your building’s leasing team.

Request the application link and document checklist for the approved apartment and transaction. Send the candidate directly to that team for financial records and screening.

• Check the apartment, rent, term, and requested start date.
• Include all applicants, occupants, and guarantors.
• Complete the required documents and verification steps.
• Ask leasing to confirm completeness and identify anything still needed before signing.

A tour booking or message to the concierge does not replace the application. Keep the leasing contact involved through approval and signing.

Step 5 · Find the replacement

Show the rent the applicant will actually pay.

The 475 Clermont listings distinguish base rent from total monthly leasing price. They also say specials are for new residents. Ask leasing for the current offer for your replacement, including recurring charges and promotion conditions.

Use approved photos and dates, arrange occupied showings, and explain what condition the apartment will be in. If you offer your own incentive, identify it separately from the owner’s concession.

Avoid borrowing a promotion from another unit or an older banner. Have leasing confirm the offer before it goes into the listing.

Fees and security

Get the total exit cost before choosing a move date.

• Assignment or termination: get the quoted amount and payment conditions in writing.
• Final rent: confirm when your responsibility ends and how a mid-month start is settled.
• Concessions: ask whether the proposal changes any existing credit or repayment term.
• Security: confirm your accounting and the incoming renter’s deposit.
• Services: arrange the end of utilities, amenities, and other recurring accounts.
• Brokerage: agree on the marketing work and fee in writing.

Ask the building team for its screening fee. For covered applications, New York law limits screening reimbursement to actual cost or $20, whichever is less, with report, receipt, and recent-report waiver requirements.

Approval and handoff

Align your release with the replacement’s possession date.

Complete applicant review, signatures, required payments, and any work before the agreed start. Ask management to confirm that the conditions are met before the replacement receives keys.

• Check that the agreement addresses every departing tenant and guarantor.
• Photograph the condition and record furniture, repairs, and removal arrangements.
• Coordinate moving access, keys, devices, utilities, and service-account closure.
• Provide your forwarding address and keep the final ledger and security accounting.

Keep the signed agreement, release confirmation, and receipts. Returning keys is part of the handoff; the documents should also settle the rent and other obligations.

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.