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This video tutorial discusses two key concepts in real estate: subleasing (or subletting) and assignment of leases. It emphasizes that all real estate contracts, including leases, can be assigned unless explicitly prohibited. The video clarifies the differences between assigning a lease and subleasing. In a typical landlord-tenant relationship, there are two parties: the lessor (landlord) and lessee (tenant). For example, a one-year lease for $500 a month on a single-family house is presented. The explanation highlights that these concepts apply regardless of the type of property involved.