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Abstract: This study deals with the system of tenancies and sub-tenancies in the ghetto of Ancona during the 18th Century. The essay intends to show the main economic and social implications of this “hidden” reality of a peripheral city of the Papal State. More specifically, forms and mechanisms of accumulation of real estate income are analyzed, as well as the effects that such dynamics could trigger, in terms of social differentiation, acquisition of prestige and conflicts inside or outside the Jewish world. In order to pursue this objective, the symbolic meaning, the material condition of life and the specific legal and economic characteristics of living in the ghetto are examined. In the following part of the article, the case of Ancona is taken into account. Starting from a quarrel already known, thanks to a pioneering study by Giuseppe Laras, previously unused judicial and fiscal sources are used to better understand the canons, the distribution of properties and the mechanisms of exchange, as well as the social implications. 

Keywords: Tenancy; Sub-Tenancy; Jews; Early Modern Papal State; Xviii Century