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This video tutorial discusses two key concepts in real estate: subleasing (or subletting) and assignment of leases. It emphasizes that, in general, all real estate contracts, including leases, can be assigned unless explicitly prohibited by the contract. The tutorial outlines the typical landlord-tenant relationship, identifying the lessor (landlord) and lessee (tenant) involved in a lease agreement. Using a scenario of a one-year lease for a single-family house at $500 per month, the tutorial implies that these concepts apply universally across different property types. It sets the stage for a deeper explanation of the differences between subleasing and assignment of leases.