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Lease changes can arise unexpectedly, whether due to relocation, financial challenges, or new opportunities. A Leasehold transfer allows tenants to legally pass their lease rights and obligations to another party, often through assignment or subletting, with landlord approval. When handled correctly, it can help tenants avoid penalties while protecting landlords from vacancies and disputes. Understanding the legal steps, documentation, and responsibilities involved ensures a smoother transition for everyone and reduces the risk of costly misunderstandings or litigation.
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