sandwich lease

sandwich lease definition - business

sandwich lease

A lease in which the lessee becomes the lessor by subletting the property to someone else. For example, Frank signs a three-year lease with a payment of $3,000 per month. Frank then subleases the property to Joe for $3,500 per month.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.