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In this video, two concepts are discussed: subleasing (or subletting) and assignment of leases. It is emphasized that real estate contracts can be assigned unless explicitly prohibited. The video explains the distinctions between lease assignments and subleasing. In a typical landlord-tenant relationship, there are two parties involved: the lessor (landlord) and the lessee (tenant). For example, in a one-year lease agreement of $500 monthly for a single-family home, the nature of the contract remains consistent regardless of property type. The video aims to clarify these key real estate concepts for better understanding.