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When assigning a lease agreement, it's essential to recognize the difference between an assignment and a sublease. An assignment transfers the entire leasehold estate to the assignee, while a sublease only transfers a portion to the subtenant. Tenants should seek consent from their landlord before assigning their interest, especially if the lease lacks clarity on this point. Consent may often be necessary for the assignment to occur. In an assignment, the tenant transfers both privity of estate and privity of contract, making the assignee the new occupant responsible for all obligations from the original lease. Consequently, the assignee inherits the rights and responsibilities of the previous tenant in relation to the landlord.