What's the process for a college lease transfer?

I'm currently leasing an apartment near campus but need to move out early. What steps do I need to take to transfer my lease to another student, and does it usually affect my rental history?

The process for transferring your lease will depend on the terms outlined in your lease agreement, as different landlords and rental companies have different policies. Nonetheless, I can provide a general outline of the steps you might have to take:

1. Carefully read your lease: This is your first and most crucial step. Look for any terms about lease transfers (often called 'assignment') or subletting. Some leases may not allow for it, or may require written consent from the landlord or property management.

2. Notify your landlord: If your lease allows for the transfer, notify your landlord or your property management company about your plans to move out ahead of your lease's end date. It’s a good idea to do so in writing so there's documented evidence of your communication.

3. Find someone to take over your lease: Now, you'll need to find someone who's willing to take over the remainder of your lease. The easiest choice might be someone who already lives in the area or goes to your school, since they would likely be familiar with the lease arrangements in your area.

4. Have the new tenant apply: Once you identify someone who's interested in taking over your lease, they'll need to go through the same application and approval process as you did. This usually involves a credit check, income verification, and sometimes, character references.

5. Sign the documents: If your landlord or property manager approves the new tenant, then the final step is to draw up and sign the necessary documents to complete the transfer. This might include an assignment of lease agreement.

The impact of a lease transfer on your rental history varies. If the transfer is done properly and the landlord is kept informed, it generally won't negatively affect your history. In fact, showing that you handled the situation responsibly could reflect positively. However, if things aren't done properly and you move out without following the correct procedures or without notifying your landlord, this could have negative implications for your rental history. Always ensure you go through the right channels and follow the terms of your lease agreement.