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This video discusses the sublease consent form and the distinction between a sublease agreement and an assignment. A sublease involves a tenant and a subtenant, typically covering part or all of the premises. In a sublease, the tenant maintains privity of contract with the landlord, while only transferring privity of estate to the subtenant. This results in two separate 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 relay them to the landlord. Unless a lease explicitly restricts subleasing, tenants can usually sublease freely, but should seek consent to prevent misunderstandings.