The Enterprise and Economic Development Glossary

a resource of the .network library

tenant:

... an occupant, generally as a lessee. In other words a tenant may occupy but not necessarily be a lessee. Legal definitions of tenant and occupant using a property law source are available at a 1999 TenantNet (http://tenant.net/contact/contact.html) blog. The conclusion there is that a tenant by law is a party named in lease.

AAA tenant:

... a lessee (see the definition of lessee above) having an exceptionally high credit rating or one that lends prestige to a property or real estate development. AAA is the strongest credit rating used for so called investment grade tenants ... at the top of the secure range of general credit quality. Credit ranges may go a low as a D tenant. See: Lease Types: If Considering a Net Leased Investment, What are the Different Lease Types?

See real estate; lessor: lease-purchase agreement defined by Investorwords

definition of tenant / definition of investment grade tenant / what is a AAA tenant

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