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This video discusses the sublease consent form and distinguishes between sublease agreements and assignments. A sublease is a contract between a tenant and a subtenant and can involve a portion or the entirety of the premises. In a sublease, the tenant transfers their privity of estate but retains privity of contract, meaning there are two distinct relationships: one between the tenant and subtenant, and another between the tenant and landlord. The subtenant does not have a direct relationship with the landlord. If issues arise with the premises, the subtenant must communicate with the tenant, who then informs the landlord. Unless a lease restricts subleasing, tenants may generally sublease freely, but they should seek consent to avoid confusion.