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A commercial sublease agreement enables a tenant to re-rent all or part of their leased commercial space to a sub-tenant, often for financial reasons or to optimize space usage. This process involves more than just drafting an agreement; it includes understanding the tenant-sub-tenant dynamic. The video discusses essential considerations for subleasing commercial property and outlines how to create a legally binding agreement. It highlights the diverse motivations behind subleasing, such as if the space is primarily office-oriented. Viewers are encouraged to watch until the end for an official template that facilitates the subleasing process.