Part 5: Assignment, Subletting & Surrender: Managing Tenant Change - The Journey of a Single Commercial Property

What do you actually do when a tenant can’t perform?In this episode, I break down the four key options available to landlords — assignment, subletting, surrender, and surrender & regrant — and, more importantly, when each one should (and shouldn’t) be used.This is where commercial property moves from process to strategy.Because the structure you choose doesn’t just solve a short-term issue — it directly impacts lease length, income security, and ultimately, asset value.What You’ll LearnThe difference between assignment, subletting, surrender, and surrender & regrantWhy assignment isn’t always the best optionHow lease structure impacts long-term valueWhen to prioritise control over convenienceThe risks and realities of managing tenant changeWhy these decisions should be strategic, not reactiveHave a Question?I’m recording a Q&A episode for this series. If there’s anything you’re unsure about, stuck on, or just curious about, you can ask anonymously here:https://forms.gle/znWTFqF74xguaB21A