👉 In real estate, a "subleased" refers to a situation where one party is renting out space in another's property as their own. This can be done for various reasons, such as temporary occupancy or as part of a larger project. The rent paid by the sub-lessee (the tenant) is typically less than the rent that would have been charged under normal circumstances, and therefore, it is considered a "substantial" reduction in the property's value. In other words, a
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