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A commercial sublease agreement allows a tenant to rent out their space to a sub-tenant for financial reasons or to optimize space usage. However, creating a legally binding agreement requires more than just drafting a document. This video explores key measures to take when subleasing commercial property and provides tips for creating an effective agreement. Watch until the end for an official template. A commercial sublease agreement is used when an individual or business entity wants to sublet part or all of their commercial space to another party. The reasons for seeking a sublease can vary, such as needing to sublet office space.