A Lease Transfer Document (or LT) is an official document that transfers a commercial lease from one tenant to another. This document is usually initiated by either the landlord or the departing tenant, depending on the terms of the lease and the laws of a particular city or state. The LT must clearly state the specifics of the transfer, including who is responsible for rent payment and responsibility for property damage. It should also detail any available remedies in case of dispute. In some cities, this requires notarization or witnesses for validity. By establishing clear rights and responsibilities, an LT helps ensure any transfer of the lease goes smoothly and without incident.