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The video covers the sublease consent form and the distinction between a sublease and an assignment. A sublease agreement is made between a tenant and a subtenant, usually involving a portion of the premises, though it can encompass the entire property. In a sublease, the tenant maintains privity of contract with the landlord, while only transferring privity of estate to the subtenant. This creates two separate contractual relationships: between the tenant and subtenant, and between the tenant and landlord, with no direct relationship between the subtenant and landlord. If tenants encounter issues with the premises, they must relay this to the landlord through the tenant. If a lease doesn't restrict subleasing, tenants may do so freely; however, it's advisable to seek consent to prevent misunderstandings.
