If the tenant subleases any amount of space less than 5,000 square feet or subleases for anything less than the entire three years of remaining term, then he should use a sublease. If, however, he subleases the entire space for the entire remaining term, he should use an assignment form.
Rules of Thumb:
- Less than entire space= Sublease
- Less than entire term= Sublease
- Less than entire space and less than entire term= Sublease
- Entire space for entire remaining term= Assignment