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When assigning a lease agreement, it is crucial to distinguish between assignment and sublease. An assignment transfers the entire leasehold from the tenant to the assignee, while a sublease only transfers part of the estate to a subtenant. Tenants must obtain the landlord's consent before assigning their interests if not specified in the lease. This consent is typically required for any assignment. In an assignment, the tenant transfers both privity of estate and privity of contract, making the assignee the new occupant responsible for all obligations of the lease. The assignee gains the rights of the previous tenant while also assuming their contractual obligations to the landlord.