For aw ide range of nanomaterials, surface-bound molecules play ac entral role in defining properties, and are key to integration with other components-be they molecules, surfaces, or other nanoparticles. Predictable and general methodsf or manipulatingt he surface monolayer are therefore crucial to exploiting this new region of chemical space. This review highlights limitations of the few established methods for controlling nanoparticle-boundmolecular functionality,t hen focuses on emerging new strategies. In particular, approaches that can achieve stimuli-responsive and reversiblem odification of surface-bound molecules in colloidal solution are examined, with an emphasis on using these methods to control nanoparticle properties such as solventc ompatibility,c atalytic activity and cytotoxicity.F inally,t he outstanding challenges and future potential forp recisely controlled nanoparticle-bound monolayersa re discussed.