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When assigning a lease agreement, it is crucial to differentiate 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 of the estate to a subtenant. Before attempting an assignment, a tenant should seek the landlord's consent, especially if it's not explicitly stated in the contract. Consent may be necessary for the assignment to proceed. In an assignment, the tenant transfers both privity of estate and privity of contract, making the assignee the new occupant of the premises with all rights and obligations of the lease agreement. Thus, the assignee inherits the previous tenant's responsibilities to the landlord under the contract.