Leasehold-sandwich


Definition of "Leasehold-sandwich"

Sharon Wicker real estate agent
Sharon Wicker, Real Estate Agent Better Homes and Gardens Gary Greene

A lessee (tenant) subleases the apartment to a third party .The tenant is now sandwiched between the lessor and the sublessee. In other words, the tenant is acting as a lessee to the landlord, but the lessor to the sublessee.

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