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In this tutorial, Dale Whitman discusses the transfer of interests for landlords and tenants in real property under a lease. Landlords possess two transferable interests: the right to collect rents, which is a legal interest in real property transferable by deed, and the reversion, a future interest in regaining possession of the property after the lease ends. Tenants, on the other hand, have a single transferable interest, which is the leasehold or non-freehold interest. This is often fixed in commercial leases. The video emphasizes the legal framework surrounding these interests and how they can be transferred.