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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. The tenant must request consent from the landlord before assigning the lease, even if not explicitly stated in the contract. The assignee takes on all obligations of the contract between the landlord and the previous tenant, including both privities of estate and privity of contract.
