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A commercial sublease agreement allows a tenant to rent out a portion of their space to a sub-tenant. This agreement goes beyond just drafting a document and requires taking specific measures to ensure a legally binding agreement. The video outlines key steps to consider when subleasing commercial property and provides an official template for creating an effective agreement. A commercial sublease agreement is used when an individual or business wants to sublet part or all of the space they currently lease. The reasons for seeking a sublease vary, such as financial considerations or making better use of the space.