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This video tutorial discusses two key real estate concepts: subleasing (or subletting) and assignment of leases. It clarifies that all real estate contracts, including lease agreements, can be assigned unless explicitly prohibited. The tutorial explains the distinction between the assignment of a lease and subleasing within the context of a landlord-tenant relationship. It identifies the landlord as the lessor and the tenant as the lessee, using a one-year lease example for a single-family house at $500 per month. The concepts apply universally, regardless of property type, emphasizing foundational principles in real estate contracts.