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This video discusses the sublease consent form in relation to sublease agreements. It distinguishes between a sublease and an assignment, emphasizing that a sublease involves a tenant and a subtenant and can pertain to a portion or the entirety of the premises. In a sublease, the tenant transfers only their privity of estate, resulting in two separate contractual relationships: one between the tenant and the subtenant, and another between the tenant and the landlord. The subtenant has no direct contractual relationship with the landlord. If issues arise, the tenant must take them up with the landlord. Unless explicitly restricted, tenants can generally sublease, but they should seek consent to prevent confusion.