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The video discusses the sublease consent form in the context of a sublease agreement, emphasizing the distinction between a sublease and an assignment. A sublease occurs between a tenant and a subtenant, typically covering a portion of the premises but potentially the entire property. In this arrangement, the tenant retains privity of contract with the landlord while transferring only privity of estate to the subtenant. This creates two distinct contractual relationships: one between the tenant and the subtenant, and another between the tenant and the landlord. The subtenant has no direct relationship with the landlord. If a lease does not explicitly prohibit subleasing, tenants can generally do so freely, but should seek consent to prevent misunderstandings.