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The video tutorial explains the sublease consent form and the distinction between a sublease and an assignment. A sublease agreement involves a tenant and a subtenant and can cover part or all of the premises. In a sublease, the tenant retains privity of contract with the landlord but only transfers privity of estate to the subtenant, creating separate contractual relationships. The subtenant does not have a direct contract with the landlord, so any issues must be relayed through the tenant. If a lease does not explicitly prohibit subleasing, the tenant is generally allowed to do so. To avoid confusion, tenants should seek consent to sublease if not clearly stated in the lease.