A Leasehold Transfer allows a tenant to transfer their lease rights to another qualified individual, often with the landlord’s approval. This option can be beneficial when relocating, changing jobs, or facing unexpected life circumstances before the lease expires. Understanding the legal requirements, approval process, and responsibilities involved is essential to avoid disputes and ensure a smooth transition. Consulting an experienced landlord-tenant attorney can help you navigate the transfer process, protect your rights, and ensure compliance with New York lease regulations.