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Mark Cunningham from Grace Property Management discusses lease assignments, specifically highlighting that his team handled ten lease assignments last month. A lease assignment refers to any change in the parties on a lease agreement, distinguishing it from situations where a tenant moves out and a new tenant moves in. It often occurs in scenarios such as roommate replacements, where one roommate wishes to leave, necessitating a change in the lease parties. This process is important for ensuring that the lease document accurately reflects the current occupants.