My NYC landlord has agreed to let me out of my lease agreement if I forfeit my security deposit of $3,225.00. In the rental agreement I have six free weeks of rent on an 18 month lease. So the net effective rent per month is $2,956.25 ($53,212 / 18 months). The lease ends in June of 2020.
I want to get out of the lease but I am not sure whether I should sublet the property or break the lease. Is it a better idea to just break the lease or should I go for the sublet to maintain the lower net effective rent? I'd run the risk of not being able to sublet the property (by May 31st). But if I was able to sublet the property then I'd be able to cover the rental payments (subject to getting the full amount of rent per month) and I'd also get the security deposit back, less deductions from the security deposit.
Should I cut my losses and just get out by forfeiting the security deposit? Or should I try and sublet the property?