You can use the Status Sidekick of TFS Sidekicks tool and unlock the files which are checked out by other users. To do this you should be a part of Administrator group of that particular Team Project (or) your group should have the permissions to undo and unlock the other user changes which by default Administrator group has.
Team Foundation Sidekicks has a Status sidekick that allows you to query for checked out work items. Once a work item is selected, click the "Undo lock" buttons on the toolbar.
Rights
Keep in mind that you will need the appropriate rights. The permissions are called "Undo other users' changes" and "Unlock other users' changes". These permissions can be viewed by:
Right-clicking the desired project, folder, or file in Source Control Explorer
Select Properties
Select the Security tab
Select the appropriate user or group in the Users and Groups section at the top
View the "Permissions for [user/group]:" section at the bottom
Disclaimer: this answer is an edited repost of Brett Roger's answer to a similar question.
If you are accessing the Source Control Explorer as a team project administrator (or at least someone with the "Undo other users' changes" access right) you can do the following in Visual Studio 2012 to clear a lock and checkout.
From the Source Control Explorer find the folder containing the locked file(s).
Right-click and select Find then Find by Status...
The "Find in Source Control" window appears
Click the Find button
A "Find in Source Control" tab should appear showing the file(s) that are checked out
Right click the file you want to unlock
Select Undo... from the context menu
A confirmation dialog appears. Click the Yes button.
The file should disappear from the "Find in Source Control" window.
Click Start, click All Programs, click Microsoft Visual Studio 2008, click Visual Studio Tools, and then click Visual Studio Command Prompt.
Type the following command and replace the arguments with the appropriate parameter information for your needs:
tf lock /lock:none $/MyTeamProject/web.config
tf undo /workspace:"hostname;username" "$/path/*" /s:https://yourhostname/tfs in an elevated command prompt, from a path such as
C:\Program Files (x86)\Microsoft Visual Studio 14.0\Common7\IDE>
In my case, I tried unlocking the file with tf lock but was told I couldn't because the stale workspace on an old computer that no longer existed was a local workspace. I then tried deleting the workspace with tf workspace /delete, but deleting the workspace did not remove the lock (and then I couldn't try to unlock it again because I just got an error saying the workspace no longer existed).
I ended up tf destroying the file and checking it in again, which was pretty silly and had the undesirable effect of removing\ it from previous changesets, but at least got us working again. It wasn't that big a deal in this case since the file had never been changed since being checked in.