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In this video tutorial, host Dale Whitman discusses the transfer of interests between landlords and tenants regarding leased real property. He explains that landlords have two transferable interests: the right to collect rents, which is considered an interest in real property and can be transferred via a deed, and the reversion, a future interest in regaining possession of the property once the lease ends. On the other hand, tenants possess a leasehold (or non-freehold) interest, which is typically fixed in commercial leases. The video emphasizes the different legal interests held by both parties and their capacity to transfer these interests.