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In this video, two key concepts are discussed: subleasing (or subletting) and assignment of leases. It emphasizes that all real estate contracts, including lease agreements, can be assigned unless explicitly prohibited. The video explains the roles of the lessor (landlord) and lessee (tenant) in a typical landlord-tenant relationship, using an example of a one-year lease for $500 a month for a single-family home. The content stresses that the type of property does not affect the fundamental principles of subleasing and assignment of leases. Overall, it aims to clarify the differences between these two concepts in real estate leasing.