Tenant's right to transfer the lease to another entity.

  • Tenant's right to transfer the lease to another entity.
  • Assignment passes the lease to a new tenant; sublease retains the original tenant.

Assignment rights

Leasing · Global

Short definition

Tenant's right to transfer the lease to another entity.

Full definition

Assignment passes the lease to a new tenant; sublease">sublease retains the original tenant. Most leases require landlord consent for assignment with carve-outs for affiliate transfers and corporate reorganisations.

Why this matters for Class A leasing

Assignment rights is part of the leasing vocabulary that institutional Class A occupiers, landlords, and advisers use across Global markets. Understanding it correctly affects how you read lease documents, model occupancy economics, and benchmark deal terms across cities. Class A Atlas tracks regional variation alongside the global standard so cross-border occupiers can translate quickly.

Related topics

  • Class A Lease Negotiation — How to negotiate a Class A office lease — the playbook from LOI to signed deal.
  • Sublease Strategy — How to use the sublease market — both as a tenant taking sublease space and as an over-supplied incumbent offloading.