{"id":50117,"date":"2026-06-14T21:12:29","date_gmt":"2026-06-14T18:12:29","guid":{"rendered":"https:\/\/www.commercialcafe.com\/blog\/?post_type=glossary_term&p=50117"},"modified":"2026-09-21T17:32:13","modified_gmt":"2026-09-21T14:32:13","slug":"assignment","status":"publish","type":"glossary_term","link":"https:\/\/www.commercialcafe.com\/blog\/glossary\/assignment\/","title":{"rendered":"Assignment"},"content":{"rendered":"

Assignment is the transfer of a party’s rights and obligations under a lease or contract to a third party. It differs from a sublease, where the original tenant stays primarily liable; an assignment generally hands the full responsibility to the new party, subject to the landlord’s approval.<\/p>\n

Assignment clauses get negotiated closely in commercial leases, particularly for tenants who might go through a merger, an acquisition, or a change in ownership. Landlords commonly reserve the right to approve an assignment, and may bargain for a share of any profit a tenant makes by assigning a below-market lease.<\/p>\n","protected":false},"excerpt":{"rendered":"

Assignment is the transfer of a party’s rights and obligations under a lease or contract to a third party, often subject to landlord approval.<\/p>\n","protected":false},"template":"","glossary_category":[8648],"class_list":["post-50117","glossary_term","type-glossary_term","status-publish","hentry","glossary_category-transaction-listing","wpautop"],"acf":[],"yoast_head":"\nAssignment | CRE Glossary<\/title>\n<meta name=\"description\" content=\"What assignment means in commercial real estate, how it differs from subleasing, and how landlords control and benefit from lease assignments.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialcafe.com\/blog\/glossary\/assignment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Assignment\" \/>\n<meta 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