A Leasehold Transfer allows a tenant to legally assign or transfer their lease rights to another party, often in situations where they can no longer occupy the space. Common in both residential and commercial settings, this process ensures that the new tenant takes over the responsibilities and benefits outlined in the original lease. Understanding the legal requirements of leasehold transfers is essential to avoid disputes with landlords and to ensure compliance with New York laws. With proper guidance, tenants can smoothly navigate the transfer process while protecting their financial and legal interests.