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In this video, two key concepts are discussed: subleasing (or subletting) and assignment of leases. It's important to note that real estate contracts can generally be assigned unless explicitly prohibited. The video explains the distinctions between lease assignments and subleasing within a landlord-tenant relationship, which involves the lessor (landlord) and lessee (tenant) entering a lease agreement. For instance, a one-year lease at $500 per month can apply to any property type—be it a single-family home, apartment, or commercial space. The core principles remain consistent across various lease contracts.