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The video tutorial explains the sublease consent form in a sublease agreement, emphasizing the distinction between a sublease and an assignment. A sublease involves a tenant and a subtenant and can pertain to a portion or the entirety of the premises. In a sublease, the tenant retains privity of contract with the landlord but transfers only privity of estate to the subtenant, creating two separate contractual relationships. The tenant is responsible for addressing issues with the premises, notifying the landlord through the tenant. If the lease does not prohibit subleasing, tenants may assume they can do so freely; however, it is prudent to seek consent to avoid confusion.