Cryptic crossword clue
Retired coach allowed to extend tenancy 6

The most common and most likely answer to this crossword clue is the 6 letter word SUBLET

I've seen this crossword clue in Financial Times
S
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T

Buddy explains!

The straight part
We know that "extend tenancy" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case extend tenancy = sublet.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does SUBLET mean?

SUBLET noun
  1. Property leased by one lessee to another.
SUBLET verb
  1. To lease or rent all or part of (a property) (to another person).

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