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This video explains the sublease consent form in the context of sublease agreements. It emphasizes the distinction between a sublease and an assignment, noting that a sublease involves a tenant and a subtenant, typically covering a part or the entirety of the premises. In a sublease, the tenant transfers only their privity of estate, not the privity of contract, resulting in two separate contracts: one between the tenant and subtenant, and another between the tenant and landlord. There is no direct contractual relationship between the subtenant and the landlord. If the lease does not explicitly limit the tenant's right to sublease, it is generally permissible. However, tenants should seek consent to sublease to prevent any misunderstandings.