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This video discusses the sublease consent form essential when entering a sublease agreement. It emphasizes distinguishing between a sublease and an assignment. A sublease exists between a tenant and a subtenant, often covering part or the entire premises. In a sublease, the tenant transfers privity of estate but not privity of contract, creating two separate contractual relationships: one between the tenant and the subtenant, and another between the tenant and the landlord. There is no direct contractual relationship between the subtenant and landlord. If issues arise, the tenant must inform the landlord through the subtenant. Unless a lease restricts subleasing rights, tenants may typically sublease freely but should seek consent to avoid confusion.