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This video tutorial discusses two key concepts in real estate: subleasing (or subletting) and assignment of leases. It highlights that real estate contracts, including leases, can be assigned unless explicitly prohibited. The instructor outlines the typical landlord-tenant relationship, where the landlord is the lessor and the tenant is the lessee. Using the example of a one-year lease for $500 a month on a single-family home, the tutorial emphasizes that these concepts apply to all types of properties, including apartments and commercial spaces. The video aims to clarify the differences between subleasing and lease assignment.