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The video tutorial explains the sublease consent form and the distinctions between a sublease and an assignment. A sublease agreement is formed between a tenant and a subtenant and may involve a portion or the entire premises. In a sublease, the tenant transfers only the privity of estate, maintaining a separate privity of contract with the landlord. This creates two distinct 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 communicate with the landlord on behalf of the subtenant. Unless there are explicit restrictions, tenants are generally allowed to sublease, but should seek consent to prevent confusion.