Subtenancy rules curb unethical profits

Rent it Right

Q: I rent a three-bedroom house to my tenants, a couple. A while ago, they asked if they could sublet two of the bedrooms, and assured me that they would carefully choose the tenants. The subtenants are fine -- but I've just learned that they are paying quite a bit of rent for those rooms. My tenants are making money off of my property! What can I do about that? --Marty P. A: At this point, there's not much you can do about it. You already agreed to the subtenancies without specifying how much rent would be charged and who would get it. You might try arguing that your agreement created only month-to-month subtenancies and try to revoke them with proper notice (30 days in most states). Then, insist that these newcomers become full-fledged tenants. Because adding them creates a new tenancy for everyone, you'll have the opportunity to raise the rent to reflect what you now think the rental is worth (having seen what other tenants are willing to pay for part of it). At the ve...