Fast answerA transfer of a tenant’s lease interest to another party, subject to the lease, consent and applicable law.
Why it matters
Assignment can affect exit flexibility, liability and change-of-control planning.
What to request
Review consent standards, recapture, conditions, continuing liability, fees and documentation.
Planning example
Distinguish assignment from sublease in the business scenario. The example organizes arithmetic or evidence only; the transaction documents and facts determine the result.
Related decisions
Connect this term to the area, cost, building, flexibility and document provisions elsewhere in the office decision file.
Evidence boundary: office availability and quoted economics change. Confirm current premises, authority, area, costs, permitted use and documents for the specific transaction. Read the methodology.