In New York City’s complex real estate market, understanding a leasehold transfer is essential for both tenants and landlords. A leasehold transfer occurs when a tenant legally transfers their lease rights to another party, either through an assignment or sublease. While this may seem straightforward, NYC rental laws impose strict rules and often require landlord consent. Whether you're relocating, downsizing, or managing a property portfolio, navigating a leasehold transfer requires careful attention to lease terms, building policies, and legal obligations. For instance, some leases may prohibit transfers entirely, while others allow them with conditions. Missteps in the process can lead to legal disputes or even eviction.