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When assigning a lease agreement, it is important to distinguish between an assignment and a sublease. An assignment transfers the entire leasehold estate to the assignee, while a sublease only transfers a portion of it. Consent from the landlord is usually required for an assignment, even if not specified in the contract. With an assignment, the assignee assumes all obligations of the contract between the landlord and the previous tenant, including both privities of estate and privity of contract. This means the assignee has all the rights and obligations of the previous tenant.