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When assigning a lease agreement, it's essential 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 to the subtenant. Tenants should seek landlord consent before assigning their interests, especially if not explicitly stated in the contract. Consent may be necessary for the assignment process. In an assignment, the tenant transfers both privity of estate and privity of contract to the assignee, making them the new occupant responsible for all contractual obligations between the landlord and the prior tenant. Thus, the assignee retains the rights of the original tenant while assuming those obligations.