How can I rename a team project and area paths in TFS?

How can I rename my Team Project that is hosted in Microsoft's Team Foundation Service? And how can I rename the area paths?

Can you Rename a DevOps project?

A: Yes, all artifacts that share the same name get renamed along with the project. The only exceptions are for the default team and repo. The rename of these artifacts is performed as a best effort.

What is area path TFS?

Azure DevOps Services | Azure DevOps Server 2022 - Azure DevOps Server 2019 | TFS 2018. Area paths allow you to group work items by team, product, or feature area. Iteration paths allow you to group work into sprints, milestones, or other event-specific or time-related period.

Unfortunately it is not possible in TFS 2005, 2008, 2010, 2012, or 2013. However the work to complete this has been done and it is now available on VSO and will ship in TFS 2015.

http://blogs.msdn.com/b/bharry/archive/2015/04/24/team-project-rename-available-on-vs-online.aspx