Augmented Tenancy 

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!

Augmented Tenancy by The Realtor Guy December 17, 2018

Augmented Tenancy 

A real estate leasing technique whereby the landlord and tenant cooperate to sublease a portion of the property to a subtenant and share the revenue (and responsibilities). Unlike a traditional sublet, the primary tenant remains on the property along with the subtenant. Unlike a traditional roommate, there is a hierarchy between the tenant and subtenant. The primary tenant is therefore an "augmented tenant" assuming some of the responsibilities of the landlord.

Wait, Nancy is a single mom with 3 kids. How did she afford to rent such a large house? She signed an augmented tenancy lease and basically cut her rent in half by subletting the basement.

Augmented Tenancy by The Realtor Guy December 18, 2018