Leasehold Transfer in NYC: A Guide for Tenants and Landlords
Leasehold Transfer in NYC: A Guide for Tenants and Landlords
A leasehold interest can be transferred—a difficult procedure, especially in a city like New York where local and state laws tightly control rental agreements and tenant rights. Both renters wishing to leave before their lease ends and landlords trying to defend their property rights depend on knowing how leasehold transfer operates. This article looks at common obstacles both sides should be aware of, legal issues, and the leasehold transfer process.