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The video tutorial covers the importance of a sublease consent form in a sublease agreement, differentiating it from an assignment. A sublease is a contract between a tenant and a subtenant, typically involving part or all of the premises. The tenant retains privity of contract with the landlord while transferring privity of estate to the subtenant, meaning two separate contractual relationships exist. There is no direct contractual relationship between the subtenant and landlord. If issues arise, the tenant informs the landlord. Unless a lease specifies otherwise, tenants can generally sublease, but seeking consent is advisable to prevent misunderstandings.