{"id":37454,"date":"2020-03-17T12:39:33","date_gmt":"2020-03-17T10:39:33","guid":{"rendered":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/?p=37454"},"modified":"2025-05-22T13:09:36","modified_gmt":"2025-05-22T10:09:36","slug":"subletting-vs-assigning-for-commercial-tenants-which-to-choose-when-you-want-to-get-out-of-your-lease","status":"publish","type":"post","link":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2020\/03\/17\/subletting-vs-assigning-for-commercial-tenants-which-to-choose-when-you-want-to-get-out-of-your-lease\/","title":{"rendered":"Subletting vs. Assigning for Commercial Tenants: Which to Choose When You Want to Get Out of Your Lease"},"content":{"rendered":"\n<p> <strong><em>NYC-based\u00a0boutique law firm\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/pnlawyers.com\/\" target=\"_blank\">Pardalis & Nohavicka<\/a>\u00a0brings the latest legal updates from the world of real estate to PropertyShark.\u00a0Pardalis & Nohavicka\u00a0handles an eclectic array of matters, representing individuals and business owners in civil litigation, criminal cases and business transactions,\u00a0currently litigating and representing clients throughout the United States and around the world.<\/em><\/strong> <\/p>\n\n\n\n<p>Tenants of commercial or residential spaces who find that their lease no longer suits their needs have the option to sublease or assign the premises. Although these options are similar in function, the conditions differ for each.<\/p>\n\n\n\n<p>Often, lease agreements between tenants and landlords include a section\non subletting or assigning terms. That\u2019s because tenants feel a sense of\nfreedom when they know that they have the option to sublet or lease; then, if\nthey\u2019re unhappy in their space or their needs change, they can always find\nanother occupant who can be responsible for the rent. <\/p>\n\n\n\n<p>However, this creates concern for some\nlandlords because they want to ensure that the lessee doesn\u2019t sublet or\nassign the apartment to unreliable or rowdy individuals. As a result, landlords\nmay include a screening process in which they have the right to pre-approve a\nsubletter or assignee prior to move-in. Meanwhile, some landlords don\u2019t allow\nany type of subletting or assignments in order to avoid potential conflicts.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Conditions of Sublease & Assignment<\/strong><\/h3>\n\n\n\n<p>Subleasing is when a tenant gives another person the right to occupy the\nspace as long as they pay them rent. If an apartment is subleased, a sublease\nagreement will usually be drawn up; this means that both parties agree that the\nsublessee will pay rent to the sublessor, and the sublessor will be responsible\nto make payments to the landlord. Under this agreement, the sublessor is not\nfully relieved of his or her duties, and written consent by a landlord may be required.<\/p>\n\n\n\n<p>Conversely, in an assignment, the assignor agrees to give up any and all rights\nto the leased premises. Depending on the wishes of the landlord, the assignor\nmay also be relieved from any liability under the lease; if not, the assignor\nwill still be liable. Consequently, some assignors attempt to implement a\npermanent assignment in order to relieve themselves of any damages or unpaid\nrent by the assignee.<\/p>\n\n\n\n<p>Whether you\u2019re a landlord, tenant or even a prospective assignee or sublessee, it might be helpful to explore the different options involved in subletting or assigning. This information could open the door to negotiations and allow for various alternatives within a lease.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Authors\"><\/span><strong>Authors:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignleft\"><a href=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2019\/03\/PropertyShark-Taso.png\"><img decoding=\"async\" src=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2019\/03\/PropertyShark-Taso-150x150.png\" alt=\"Taso Pardalis\" class=\"wp-image-34836\"\/><\/a><\/figure><\/div>\n\n\n\n<p><em><strong><em>Taso Pardalis<\/em><\/strong>\u00a0is a founding partner of the Law Offices of Pardalis and Nohavicka, a leading full- service NYC law firm with offices in Manhattan, Queens and WeWork. Taso may be a well-known attorney with many cases making headlines in major media outlets, but at heart, he is a true entrepreneur that believes in supporting the small business community. His areas of concentration are: Intellectual Property, Trademarks, Corporate, Business Law and Real Estate Law.<\/em><br \/>______________<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"alignleft\"><a href=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2019\/10\/PropertyShark-Bio-Graphics.png\"><img decoding=\"async\" src=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2019\/10\/PropertyShark-Bio-Graphics-150x150.png\" alt=\"Sofia Stefanou\" class=\"wp-image-36309\"\/><\/a><\/figure><\/div>\n\n\n\n<p><em><strong>Sofia Stefanou<\/strong>\u00a0is a law clerk at Pardalis & Nohavicka. She is currently a student at NYU\u2019s Schack School of Real Estate. Sofia is a member of NYU\u2019s Undergraduate Real Estate Club, Women in Real Estate Club, and Hellenic Heritage Association. She is currently a member of the real estate law team at Pardalis & Nohavicka.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NYC-based\u00a0boutique law firm\u00a0Pardalis &#038; Nohavicka\u00a0brings the latest legal updates from the world of real estate to PropertyShark.\u00a0Pardalis &#038; Nohavicka\u00a0handles an eclectic array of matters, representing individuals and business owners in civil litigation, criminal cases and business transactions,\u00a0currently litigating and representing clients throughout the United States and around the world. Tenants of commercial or residential spaces&hellip;<\/p>\n","protected":false},"author":49,"featured_media":37455,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9499,376,796],"tags":[11172,11097],"class_list":["post-37454","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legal","category-new-york-commercial-real-estate","category-how-to","tag-old-how-to","tag-real-estate-law"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Subletting vs. Assigning for Commercial Tenants: Which to Choose When You Want to Get Out of Your Lease - PropertyShark Real Estate Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2020\/03\/17\/subletting-vs-assigning-for-commercial-tenants-which-to-choose-when-you-want-to-get-out-of-your-lease\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Subletting vs. Assigning for Commercial Tenants: Which to Choose When You Want to Get Out of Your Lease\" \/>\n<meta property=\"og:description\" content=\"NYC-based\u00a0boutique law firm\u00a0Pardalis &amp; Nohavicka\u00a0brings the latest legal updates from the world of real estate to PropertyShark.\u00a0Pardalis &amp; Nohavicka\u00a0handles an eclectic array of matters, representing individuals and business owners in civil litigation, criminal cases and business transactions,\u00a0currently litigating and representing clients throughout the United States and around the world. Tenants of commercial or residential spaces&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2020\/03\/17\/subletting-vs-assigning-for-commercial-tenants-which-to-choose-when-you-want-to-get-out-of-your-lease\/\" \/>\n<meta property=\"og:site_name\" content=\"PropertyShark Real Estate Blog\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-17T10:39:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-05-22T10:09:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2020\/03\/Assignment-of-commercial-lease.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Eliza Theiss\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Eliza Theiss\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Subletting vs. Assigning for Commercial Tenants: Which to Choose When You Want to Get Out of Your Lease - PropertyShark Real Estate Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2020\/03\/17\/subletting-vs-assigning-for-commercial-tenants-which-to-choose-when-you-want-to-get-out-of-your-lease\/","og_locale":"en_US","og_type":"article","og_title":"Subletting vs. Assigning for Commercial Tenants: Which to Choose When You Want to Get Out of Your Lease","og_description":"NYC-based\u00a0boutique law firm\u00a0Pardalis & Nohavicka\u00a0brings the latest legal updates from the world of real estate to PropertyShark.\u00a0Pardalis & Nohavicka\u00a0handles an eclectic array of matters, representing individuals and business owners in civil litigation, criminal cases and business transactions,\u00a0currently litigating and representing clients throughout the United States and around the world. Tenants of commercial or residential spaces&hellip;","og_url":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2020\/03\/17\/subletting-vs-assigning-for-commercial-tenants-which-to-choose-when-you-want-to-get-out-of-your-lease\/","og_site_name":"PropertyShark Real Estate Blog","article_published_time":"2020-03-17T10:39:33+00:00","article_modified_time":"2025-05-22T10:09:36+00:00","og_image":[{"width":1920,"height":1280,"url":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2020\/03\/Assignment-of-commercial-lease.png","type":"image\/png"}],"author":"Eliza Theiss","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Eliza Theiss","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2020\/03\/17\/subletting-vs-assigning-for-commercial-tenants-which-to-choose-when-you-want-to-get-out-of-your-lease\/","url":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2020\/03\/17\/subletting-vs-assigning-for-commercial-tenants-which-to-choose-when-you-want-to-get-out-of-your-lease\/","name":"Subletting vs. Assigning for Commercial Tenants: Which to Choose When You Want to Get Out of Your Lease - PropertyShark Real Estate Blog","isPartOf":{"@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2020\/03\/17\/subletting-vs-assigning-for-commercial-tenants-which-to-choose-when-you-want-to-get-out-of-your-lease\/#primaryimage"},"image":{"@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2020\/03\/17\/subletting-vs-assigning-for-commercial-tenants-which-to-choose-when-you-want-to-get-out-of-your-lease\/#primaryimage"},"thumbnailUrl":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2020\/03\/Assignment-of-commercial-lease.png","datePublished":"2020-03-17T10:39:33+00:00","dateModified":"2025-05-22T10:09:36+00:00","author":{"@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/#\/schema\/person\/de1353a5de72f96494054df3ecca7de4"},"breadcrumb":{"@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2020\/03\/17\/subletting-vs-assigning-for-commercial-tenants-which-to-choose-when-you-want-to-get-out-of-your-lease\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2020\/03\/17\/subletting-vs-assigning-for-commercial-tenants-which-to-choose-when-you-want-to-get-out-of-your-lease\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2020\/03\/17\/subletting-vs-assigning-for-commercial-tenants-which-to-choose-when-you-want-to-get-out-of-your-lease\/#primaryimage","url":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2020\/03\/Assignment-of-commercial-lease.png","contentUrl":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2020\/03\/Assignment-of-commercial-lease.png","width":1920,"height":1280},{"@type":"BreadcrumbList","@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/2020\/03\/17\/subletting-vs-assigning-for-commercial-tenants-which-to-choose-when-you-want-to-get-out-of-your-lease\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/"},{"@type":"ListItem","position":2,"name":"Subletting vs. Assigning for Commercial Tenants: Which to Choose When You Want to Get Out of Your Lease"}]},{"@type":"WebSite","@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/#website","url":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/","name":"PropertyShark Real Estate Blog","description":"Market Reports for Real Estate Writers","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/#\/schema\/person\/de1353a5de72f96494054df3ecca7de4","name":"Eliza Theiss","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/96965f7dc4c1c5276e67c2727672b8636c299791a627dca31fda556cf0db9758?s=96&d=retro&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/96965f7dc4c1c5276e67c2727672b8636c299791a627dca31fda556cf0db9758?s=96&d=retro&r=g","caption":"Eliza Theiss"},"description":"Eliza Theiss is a senior writer reporting real estate trends in the US. Her work has been cited by CBS News, Curbed, The Los Angeles Times, and Forbes among others. With an academic background in journalism, Eliza has been covering real estate since 2012. Before joining PropertyShark, Eliza was an associate editor at Multi-Housing News and Commercial Property Executive. She has also contributed extensively to CommercialEdge. Reach her at eliza.theiss@yardi.com","url":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/author\/eliza\/"}]}},"jetpack_featured_media_url":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2020\/03\/Assignment-of-commercial-lease.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/posts\/37454","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/users\/49"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/comments?post=37454"}],"version-history":[{"count":2,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/posts\/37454\/revisions"}],"predecessor-version":[{"id":37457,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/posts\/37454\/revisions\/37457"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/media\/37455"}],"wp:attachment":[{"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/media?parent=37454"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/categories?post=37454"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-json\/wp\/v2\/tags?post=37454"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}