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

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.