In this article, you'll learn:

• The key differences between subleasing and assignment in commercial leases.
• Important discussions to have before signing a lease to prepare for future subletting or assignment.
• The significance of landlord consent and recapture rights in sublease or assignment situations.
• How tenant reps can help you navigate subleasing or assignment with minimal risks.

Having an idea of what subleasing (subletting) and assignment entails is important. This enables the tenant to be aware of options for future purposes in case there is a need to utilize free spaces. The easy way for the commercial tenant with excess space is to assign the lease or sublet a portion of the leased premises to another tenant.