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In this video, two main concepts are discussed: subleasing (or subletting) and the assignment of leases. It is emphasized that all real estate contracts can be assigned unless explicitly prohibited. This includes lease contracts. The speaker outlines the distinction between the assignment of a lease and subleasing. In a typical landlord-tenant scenario, the landlord (lessor) enters into a lease agreement with the tenant (lessee). For example, in a one-year lease for a single-family house at $500 per month, the principles apply regardless of the type of property or contract involved, whether it be residential or commercial.
