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The video tutorial outlines the essential aspects of a sublease consent form. It emphasizes the importance of distinguishing a sublease from an assignment. A sublease involves an agreement between a tenant and a subtenant and can pertain to either a portion or the entirety of the premises. In a sublease, the tenant maintains privity of contract with the landlord while only transferring privity of estate to the subtenant, resulting in two separate contractual relationships. The subtenant has no direct relationship with the landlord and must go through the tenant for any issues with the premises. Additionally, unless a lease explicitly restricts the right to sublease, tenants are generally permitted to sublease freely but should seek consent to avoid misunderstandings.