A real estate leasing technique whereby the landlord and tenant cooperate to sublet a portion of the property or
unit, and
split the
rent revenue (and responsibilities) of the sublease. Unlike traditional subletting, the tenant remains in the
unit/property along with the subtenant. Unlike just getting a roommate, there is a hierarchy between the tenant and subtenant. The tenant assumes some (but not all) of the landlord's responsibilities, effectively becoming more than just a tenant. He is an Augmented Tenant. Hence the term Augmented Tenancy.
How could a Stacey, a single mom with three
kids, afford to rent such a large
house? She signed an Augmented Tenancy lease with her landlord, which
basically reduced her rent in half. Now THAT's real affordable housing!