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This video tutorial discusses two key concepts in real estate: subleasing (or subletting) and assignment of leases. It emphasizes that real estate contracts, including leases, can generally be assigned unless specifically prohibited. The video outlines the traditional landlord-tenant relationship, identifying the lessor (landlord) and the lessee (tenant) who enter into a lease agreement. It uses an example of a one-year lease for a single-family home at $500 per month. The presenter aims to clarify the differences between assignment of a lease and subleasing, regardless of the type of property involved.