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!
by The Realtor Guy December 17, 2018
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by MC? February 14, 2006
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by johhneb August 2, 2016
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by Jayde P. December 30, 2011
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