Start with the lease, not the advertisement. Identify the remaining term, options, notice dates, assignment and sublease language, landlord consent standard, recapture rights, profit-sharing provisions, use restrictions, restoration obligations, security, guarantees, and continuing liability.
Then compare the economics of subleasing, assigning, negotiating an early termination, downsizing, renewing differently, or maintaining the space. The asking rate should reflect current competition, condition, furniture, improvements, term, and any gap between contract rent and market rent.
A replacement user must satisfy both business and landlord requirements. Clear financial information, use description, operational details, and a complete proposal can reduce approval delays. The original tenant should understand what obligations remain after a transfer and obtain legal review of all documents.
