Navigating a leasehold transfer in New York City can be both a legal and emotional journey, especially for tenants who’ve built their lives within the rented property. Whether you’re relocating, merging households, or transitioning your business, understanding the process is essential. A leasehold transfer also known as an assignment or sublease allows a tenant to legally pass their interest in a lease to another party. While this can be a practical solution for changing life circumstances, it’s not always straightforward. NYC landlords often require written consent before approving any transfer, and co-op or rent-regulated units may involve even stricter rules.