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This video tutorial explains two key concepts in real estate: subleasing (or subletting) and assignment of leases. It highlights that all real estate contracts, including lease contracts, can be assigned unless explicitly prohibited. The video distinguishes between assignment and subleasing, introducing the basic landlord-tenant relationship involving a lessor (landlord) and lessee (tenant). Using an example of a one-year lease agreement for a single-family home at $500 per month, it emphasizes that the concepts apply universally across different contract types and property categories.