NYC Housing Guide
Tracking 130 lease takeover listings

Lease takeovers in NYC, explained.

A lease takeover (legally a "lease assignment") lets a new tenant step into your shoes for the rest of the lease. Learn how RPL 226-b actually works, what to do if the landlord refuses, and how to avoid scams.
  • Based on RPL 226-b
  • Updated Feb 2026
  • 100% free
Quick guide

A lease takeover in NYC — legally a lease assignment under RPL 226-b(1) — lets a new tenant step completely into your shoes for the rest of the lease. Unlike subletting, you can exit the lease entirely: the landlord consents to the assignment and signs a written release, which is what actually ends your liability.

This guide covers your statutory rights, the practical process, and how to avoid the scams common in the NYC takeover market. Leaseswap aggregates lease takeover listings from across NYC so you don't have to refresh five sites.

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What is it?

Lease takeover, in plain English.

The term "lease takeover" is what most people search for, but legally it's called a lease assignment. They mean the same thing.
The definition

A lease takeover — a lease assignment under NY Real Property Law § 226-b(1) — is when the current tenant transfers all of their lease rights and obligations to a new tenant, with the landlord's consent. The new tenant "steps into the shoes" of the original tenant and takes over responsibility for rent.

Why people do it
  • Job relocation outside NYC
  • Need to break a lease early without penalty
  • Moving in with a partner or buying a home
  • Finding a better apartment mid-lease

An assignment is one of several ways to exit a lease early; see our breaking a lease in NYC guide for how it compares to subletting, a negotiated surrender, and your statutory options.

Assignment vs sublet

Two different rules, often confused.

RPL 226-b treats assignment and subletting very differently — different landlord-consent rules, different remedies, different paperwork. If you only need to be away for a few months, a summer sublet may fit better than a full assignment.

Lease assignment

best when leaving for good
  • Full transfer — the new tenant completely replaces you on the lease.
  • Liability released - with a signed written release alongside the assignment, you are no longer responsible for rent. Consent alone does not release you.
  • Landlord consent — consent may be withheld without cause regardless of building size, but if it is unreasonably withheld you can request release on 30 days' notice (RPL 226-b(1)).
  • Statutory backstop — a no-assignment clause in your lease doesn’t override your right to ask, or the release remedy when consent is unreasonably withheld.

Subletting

temporary absence
  • Temporary — you remain on the lease and intend to return.
  • Liability remains — you stay primarily responsible to the landlord for rent.
  • Different consent rule — under RPL 226-b(2), in buildings of 4+ units the landlord may not unreasonably withhold consent, and silence past statutory deadlines can be deemed consent.
  • Strict notice format — the sublet request has specific content and certified-mail requirements set by statute.

Takeover vs sublease vs lease break

Takeover (assignment)SubleaseLease break
You stay on lease?No — full transfer if approvedYes — you're still liableN/A — lease ends
Landlord consent ruleMay withhold consent without cause regardless of building size; an unreasonable refusal lets you request release on 30 days’ noticeIn 4+ unit buildings, consent cannot be unreasonably withheldDepends on lease terms and negotiation
Cost to tenantNo statutory fee, though some landlords charge processingOriginal tenant remains liable for rentVaries — check your lease for early termination penalties
Legal basisRPL 226-b(1)RPL 226-b(2)Lease terms
Best forLeaving NYC permanentlyTemporary absenceEmergency departure
NYC Rent Guidelines Board — Subletting FAQs →
Your rights

RPL 226-b(1), in three sentences.

New York Real Property Law § 226-b is the key statute. It treats assignment (subsection 1) and sublet (subsection 2) very differently — make sure you're reading the right one for your situation.
The assignment rule

A tenant in an unexpired lease may not assign without the landlord's written consent, and the landlord may withhold that consent without cause regardless of building size (this does not apply to public housing, other units with statutory admission criteria, or co-op proprietary leases). The exit hinges on reasonableness: if consent is unreasonably withheld, you can request release from the lease on 30 days' written notice, and that release is the statute's sole remedy. If the refusal is reasonable, there is no assignment and you are not released.

RPL 226-b(1) doesn't require a specific delivery method — but sending your request via certified mail, return receipt requested is a recommended way to prove when the landlord received it. Keep copies of everything.

Important — don't confuse this with the sublet rule

The well-known "landlord cannot unreasonably withhold consent" rule — and the "silence = consent" deadlines — come from RPL 226-b(2), the sublet provision, and apply only in buildings of four or more units. Those rules do not apply to assignments. Plenty of online guides mix this up. If you're unsure which one fits your situation, talk to a tenant attorney before sending anything.

Possible outcomes after you send the request

Landlord responseWhat happensYour options
ApprovesAssignment proceeds as plannedSign assignment agreement with new tenant
Refuses unreasonablyNo assignment — but the statutory exit opensRequest release from the lease on 30 days' written notice (the statute's sole remedy)
Refuses reasonablyNo assignment and no release — the lease standsAddress the stated objection (often the assignee), propose a stronger candidate, or negotiate a surrender
No responseSilence is not deemed consent for assignments — in practice it is treated as withholding consentWhether a non-response is unreasonable is fact-specific. Talk to a tenant attorney before giving notice.
NY Real Property Law § 226-b →

Why landlords often say yes

  • You bring a creditworthy replacement tenant up front.
  • The unit re-rents seamlessly, no vacancy.
  • The proposed assignee's income and references are strong.
  • The alternative is the landlord losing rent and re-marketing.

When a refusal unlocks the exit

  • If consent is unreasonably withheld, you can request release from the lease on 30 days' notice, and that release is the statute's sole remedy.
  • Refusing a well-qualified assignee with no stated reason is the classic fact pattern tenants argue is unreasonable.
  • A reasonable refusal (for example, an assignee who cannot document income) means no assignment and no release.
  • Reasonableness is fact-specific and often disputed. Document everything in writing and have a tenant attorney assess it before you give notice.
The process

What the path generally looks like.

Every situation is different. The steps below describe the typical path tenants take — but the formal notice and any release of liability should be reviewed by a NY-licensed attorney before you act.
  1. Read your lease

    Review your lease for any assignment or subletting provisions. RPL 226-b(1) gives you the right to ask even if the lease says no — but the rest of the lease (notice address, late-fee terms, security deposit handling) still controls.

  2. Find a strong proposed assignee

    A landlord is much more likely to say yes when the proposed assignee looks like a good tenant: stable income, clean references, no rental issues. A strong assignee also matters if they say no: refusing a well-qualified replacement without a stated reason is the fact pattern tenants argue is an unreasonable refusal, which is what unlocks the release remedy.

  3. Send a written request

    Send a written assignment request to your landlord, including the proposed assignee's name, current address, employment information, and references. RPL 226-b(1) doesn't specify a delivery method — certified mail, return receipt requested is optional but recommended so you can prove when the landlord received it. Keep copies.

  4. Wait for the response

    The landlord may consent, refuse, or not respond. If consent is unreasonably withheld, you can request release from the lease on 30 days' written notice, and that release is the statute's sole remedy. If the refusal is reasonable, there is no assignment and no release. Document the response, the date, and any reasons given.

  5. Either assign or pursue the release

    If the landlord consents, sign an assignment agreement — ideally drafted or reviewed by an attorney — that releases you from further liability and transfers the lease. If consent was unreasonably withheld, request release with written notice and plan your move; have an attorney assess the reasonableness question first.

Timeline

How long does a lease takeover take in NYC?

Plan for 2 to 6 weeks from start to finish, depending on how quickly the landlord responds and whether you assign or use the 30-day release path.

  • Week 1Find a strong proposed assignee and gather their application materials.
  • Week 1–2Send the formal written request (certified mail recommended, not required).
  • Weeks 2–4Wait for the landlord's response. Many respond within a week or two.
  • Weeks 3–6Either execute the assignment, or — if consent was unreasonably withheld — request release with a 30-day notice and plan the move.

A cooperative landlord and a strong assignee can wrap the whole process in about 2 weeks. A slow or hostile landlord pushes you toward the 30-day release path, which applies only when consent is unreasonably withheld.

Red flags

Lease takeover scams are unfortunately common.

Protect yourself with these verification steps. If something feels off, walk away — there's another listing tomorrow.

Common warning signs

  • Asking for large upfront payments before you see the apartment
  • Pressure to sign quickly without time to verify details
  • Unable or unwilling to show you a copy of the current lease
  • Price seems too good to be true for the neighborhood
  • Communication only via text or email, refuses to meet in person

Verify everything

Verify the current tenant

  • Ask for government-issued ID matching the lease
  • Request to see utility bills in their name
  • Meet them at the apartment during normal hours
  • Look up the building on NYC property records

Verify the lease

  • Get a copy of the current signed lease
  • Confirm the lease end date and rent amount
  • Check that landlord contact info matches public records
  • Verify the apartment address is accurate

Verify with the landlord

  • Contact the landlord directly (find info independently)
  • Confirm they know about the assignment request
  • Ask about any outstanding rent or issues
  • Get the landlord's approval in writing

Protect your payment

  • Never pay cash — use traceable payment methods
  • Don't pay until you've verified everything
  • Keep all receipts and documentation
  • Consider an escrow service for large amounts
NY Department of State — Consumer Alerts →
2026 update

Takeovers after the FARE Act, in 2026.

The FARE Act (NYC Local Law 119 of 2024, effective June 11, 2025) ended tenant-paid fees on landlord-hired brokers. That reshuffled why a takeover is worth chasing in 2026.
What the FARE Act changed

Since June 11, 2025, whoever hires a rental broker pays that broker. For most landlord-marketed listings, the landlord now pays the fee. "Skipping the broker fee" used to be the headline reason to take over a lease. That advantage is now the market default, so it no longer sets takeovers apart. Our FARE Act guide covers the new fee rules in detail.

Why takeovers still win in 2026
  • You inherit the current rent. A lease signed months ago is often priced below what the same unit would list for today.
  • No bidding war. You negotiate with one departing tenant instead of competing at an open house.
  • Mid-lease and mid-month move-ins that regular listings rarely offer.
  • Your assignment rights are unchanged. The FARE Act did not touch RPL 226-b.

The practical takeaway: judge a 2026 takeover on the rent itself, not on fee savings. Compare the lease rent against current asking rents for similar units nearby, then browse live NYC lease takeovers by borough and neighborhood to see what is actually available today.

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FAQs

Common questions

Everything you need to know about lease takeovers and assignments in NYC.

Yes. A lease takeover is legally a "lease assignment" under New York Real Property Law § 226-b(1). You have the right to ask your landlord to consent to an assignment, which requires the landlord's written consent, which the landlord may withhold without cause regardless of building size (unless the lease itself grants a greater right to assign); this does not apply to public housing, other units with constitutional or statutory admission criteria, or co-op proprietary leases. If consent is unreasonably withheld, the tenant's remedy is a release from the lease on 30 days notice, not a right to assign (New York Real Property Law Section 226-b(1)).