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The sublet clause in an office building lease is often extensive, sometimes spanning four to five pages, particularly with large tenants and high-priced attorneys involved. A recent case involved a major tenant facing financial difficulties who sought to sublet their space at a significantly reduced rent. The incoming sub-tenant requested protection in case the main tenant went bankrupt, wanting the right to address any issues as long as they continued paying rent. However, the original lease was 25% below market rate in a strong market, which presented a challenge. The summary underscores the complexity of sublet agreements and the potential financial implications for landlords and sub-tenants.
