How to Make Extra Money by Subletting

When Erica Barth, co-founder of the Harlem Yoga Studio, in New York City got her business going, she found a commercial space within a residential building and subleased it from a resident in the building.

"We worked closely with the daughter of the owner of the building," says Barth. "And we just assumed everything was in order and that everyone had been made aware of the situation when she agreed to let us use the space -- which was beautiful, spacious and easy-to-find."

The Harlem Yoga Studio spent its first 10 months in that sublet; however, when the business was hit with a call from a lawyer asking them to vacate, Barth and her partner realized that things had not been organized correctly after all. "Sharing a space always has its challenges," says Barth. "For us, having to move quickly was especially tough, since we had to let our clients know where to find us, on top of everything else."

If you are a renter interested in subletting, here are the rules: