If you work in corporate real estate, and perhaps even if you don’t, eventually you will face an exceptional challenge – disposing of an unneeded office lease. It is often a daunting task, and the longer it takes, the more difficult it becomes.

An office lease is a wasting asset. Every day that passes is one day less you can offer a prospective subtenant, and one more day you pay for something that is not yielding a return. The process usually begins when your company realizes that it has or will have office space that it doesn’t need. This happens for a variety of reasons. You might be downsizing, moving to a bigger location, or rightsizing. Also, mergers and acquisitions can create excess office space as business units combine and others are shuttered.

In this course I provide the knowledge to execute this type of transaction. You learn to identify the critical components of your lease, to plan multiple occupancy scenarios, to design a timeline, and to recognize the importance of managing expectations. You will understand how to create a financial analysis that can drive a business decision. You will recognize how to generate maximum negotiating leverage to achieve a cost-effective lease termination. You will realize the limitations of a sublease and what makes it challenging. You will know the risks and challenges, and how to achieve success.

Your company’s real estate portfolio should help your business succeed. Understanding how to dispose of unneeded space is essential. Whether you’re the CEO or the new associate, mastery of this process makes you a valued asset to any company.

Learning Objectives
  • Recognize key concepts in your lease.
  • Identify your leased asset’s value.
  • Discover how to market our asset.
  • Explore how to use leverage to improve a negotiation outcome.
Last updated/reviewed: March 9, 2024
3 Reviews (24 ratings)


Anonymous Author
This is an excellent course if you are not a real estate expert. The presenter included valuable, and very pragmatic, tips too. I can highly recommend this course.

Anonymous Author
leARENED Contact Your Landlord and space marketing, most aof all suvbease contract part is really useful. Mist important is " Plannning " all.

Anonymous Author
Excellent course for those unfamiliar with commercial lease terms.

Course Complexity: Intermediate

No advanced preparation or prerequisites are required for this course.

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
Course Syllabus
  Introduction to Mastering a Lease Disposition1:48
Disposing of Leased Office Space
  Project Timeline3:05
  Review Your Lease7:46
  Determine Your Offering6:14
  Why is Sublease Cheaper?3:20
  Contact Your Landlord4:28
  Marketing Your Space3:35
  You Have an Offer, Now What?4:48
  Drafting and Executing Documents & Conclusion2:51
  Mastering a Lease Disposition38:33
  Slides: Mastering a Lease DispositionPDF
  Mastering a Lease Disposition Glossary/IndexPDF
  Handout: Mastering a Lease DispositionPDF