Yes! Lease Exchange is a legally registered and fully compliant business that operates as a lease reassignment marketplace.

While we are an early-stage startup, we are already working with landlords and tenants at UW-Madison to facilitate landlord-approved lease pass-downs that benefit both parties. Our goal is to provide a structured, secure, and transparent process for renters looking to transition their leases.

We prioritize compliance with local leasing laws, fair housing regulations, and landlord approval requirements, ensuring that all transactions are legitimate and risk-free.

Lease Exchange only facilitates lease reassignments that are landlord-approved. Unlike informal lease transfers that often violate rental agreements, our process ensures that: All tenants undergo a landlord screening process (if required by the property management company). The new tenant assumes full legal responsibility for the lease (eliminating risk for the original tenant). Lease Exchange does not process pay-out transactions until approval is confirmed (so no money is lost due to denials). We actively partner with property management companies and landlords to streamline approvals and reduce leasing risks.

No. Lease Exchange is NOT a subleasing service.

Subleasing often means the original tenant remains responsible for the lease while the new tenant rents from them. This can create legal risks and conflicts.

Instead, Lease Exchange facilitates full lease pass-downs (lease reassignments), meaning:

The original tenant is fully released from their lease obligations.

The new tenant signs onto the lease directly with landlord approval.

The landlord maintains full control over lease terms.

This approach ensures a clean, legal, and structured process for all parties involved.

In the future Lease Exchange may incorporate subleasing search services to assist in the ever evolving apartment search process.

We operate on a simple, transparent pricing model:

$50 flat service fee per completed lease transfer.

10% fee on any lease premium paid by the incoming tenant.

Example: If a future tenant pays a $500 premium to secure a lease, Lease Exchange receives $50 flat + $50 (10% of $500) = $100 total.

There are no hidden costs, and you only pay if your lease transfer is successful.

We offer a structured refund policy to protect all parties:

If a lease transfer is denied by the landlord, the future tenant receives a full refund (minus the $50 flat fee, which covers administrative costs).

If the future tenant backs out, the original leaseholder is not financially responsible—they can relist their lease for a new buyer.

If the original leaseholder backs out, they forfeit their premium payment, ensuring fairness for the future tenant.

Our escrow-based system holds payments securely until all approvals are completed to ensure all parties can fulfill agreed terms.

Unlike Craigslist or Facebook, Lease Exchange is a structured, landlord-approved lease transfer platform.

Key Advantages:

Guaranteed landlord approval – No risk of lease violations.

Secure transactions – No scams or last-minute backouts.

Transparency & fairness – Payments are held safely until approvals are finalized.

Market-driven pricing – Future tenants bid fairly, preventing overpricing.

We provide a professional solution that ensures security and peace of mind for renters.

We offer future leasing rights, not just apartment listings.

We provide a structured, legal lease reassignment process.

We allow tenants to profit from their leases instead of paying penalties.

We are built for students and renters who want certainty, not chaos.

No more last-minute scrambles. Just a better way to transition leases.