摘要： 抵押人抵押财产后，又将之出租的，租赁关系不得对抗已登记的抵押权。如果租赁权影响了抵押权的实现，则应当除去租赁权；如果租赁权的存续并不影响抵押权人的利益，则租赁权可以继续存在，并对抵押财产之受让人产生拘束力，即依然适用买卖不破租赁的规则。承租人因租赁权消灭而遭受的损失，应自行承担。但是，承租人有权向多收租赁费的出租人行使不当得利返还请求权。

关键词: 抵押权, 租赁权, 拍卖, 物权法, 担保法

Abstract: After the object subject to the hypotheca is leased, the hypotheca and the right of lease have been imzosed on the same object at the same time. During the enforcement of hypotheca, the hypotheca creditor does not need to terminate the lease contract. The Sec.2 of Art.190 of China Property Law has revised the Art.66 of Judicial Interpretation of the Supreme People's Court on Some Issues Regarding the Application of China Guarantee Law. The Sec.2 of Art.190 of China Property Law stipulates that the contract of lease shall be affected by the registered hypotheca during the enforcement of hypotheca. It means that when a hypotheca creditor's enforcement is affected by the contract of lease, the hypotheca creditor or court may terminate such lease relationships and thereafter auction the property. If the hypotheca creditor's enforcement is not affected by the lease relationships, the lease contract shall be applied to the transferee. The leasee shall bear the loss of the lease's termination.

Key words: Hypotheca, Lease, Auction, Property Law, Guarantee Law