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The video discusses the sublease consent form and the distinction between a sublease and an assignment. A sublease agreement involves a tenant and a subtenant and typically covers a portion or the entirety of the premises. In a sublease, the tenant retains privity of contract with the landlord but only transfers privity of estate to the subtenant, resulting in two separate agreements. The tenant must communicate any issues with the premises to the landlord. Unless a lease explicitly restricts subleasing, tenants can generally do so without difficulty, but they should request consent to avoid confusion.