Transfer ownership

Make another member the owner; you stay as an admin, and a plan paid with your card stays on your card.

1
Workspace → Members → Make owner next to the person. Only the current owner can do this.
2
They become Owner immediately; you become an Admin. Everyone is notified.

A plan paid by the former owner's card keeps renewing on that card until they cancel it — and it is cancelled if they delete their account. Deleting your account while you own a workspace that other people are in is refused until you have handed it over.