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The video covers the importance of a sublease consent form when entering a sublease agreement. It emphasizes the distinction between a sublease and an assignment, noting that a sublease involves a tenant and a subtenant, typically for part or all of the premises. In this arrangement, the tenant retains the privity of contract with the landlord but transfers only the privity of estate to the subtenant. Consequently, there are two distinct contractual relationships: one between the tenant and subtenant, and another between the tenant and landlord, without a direct relationship between the subtenant and landlord. If a lease doesn’t restrict subleasing, tenants generally can sublease freely, but it's advisable to seek consent to avoid misunderstandings.
