sandwich lease

Definition

A leasing arrangement in which an entity leases property from one party and leases that same property to another party. In this arrangement, the entity is both a lessee and a lessor, so it both pays and collects rent on the same property.

Use sandwich lease in a sentence

You should try and take on a sandwich lease if you want to get your property out to other parties.

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Because of the stigma the elderly Southern gentleman felt it carried, he set up a sandwich lease with his more liberal leaning brother, to rent the apartment out to... those people.

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Looking at the details we discovered a sandwich lease situation which seemed like it could pose a possible problem down the line, do we made a note to work that out later.

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lease intermediary