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When assigning a lease agreement, it is crucial to distinguish between an assignment and a sublease. An assignment transfers the entire leasehold estate from the tenant to the assignee, while a sublease only transfers a portion to the subtenant. Tenants should always seek the landlord's consent before assigning their interest unless the lease explicitly states otherwise. If consent is required, it is often necessary for the assignment to occur. In an assignment, the tenant transfers both privity of estate and privity of contract, making the assignee the new occupant with all rights and obligations stipulated in the lease agreement with the landlord. The assignee assumes the previous tenant's responsibilities and rights.