sandwich lease

Sandwich Lease

A lease in which a party who previously rented a property re-rents to another party. In a sandwich lease, the lessee becomes a lessor.

sandwich lease

The lease that exists between a tenant and subtenant when one subleases space.
References in periodicals archive ?
Typically, the owner of the sandwich lease is neither the owner nor the user of the property.
Sponsored by The Institute for Professional and Executive Development, the program will provide a timely look at key investor-driven issues, including: Legislation developments affecting these investments including Year 8; HUD 2530 issues affecting developers; Historic credits and sandwich lease structures; IRS and Regulatory Requirements; Syndicator Investor Issues; State Credits; Green/Ecofriendly building design.