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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 can be assigned unless specifically prohibited. The video explains the differences between assignment of a lease and subleasing, setting the context with a typical landlord-tenant relationship involving a lessor (landlord) and a lessee (tenant). It presents an example of a one-year lease for a property at $500 per month, noting that the concepts apply to various property types, including single-family homes, apartments, and commercial spaces, regardless of contract specifics.