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. The
website, TenantNet has
a definition tenant in ... Real
Property Law §235-f. It's a posting in TenantNet
Forum Archives 1996-2002 that concludes
that a tenant is by law a party named in lease.
Wikipedia, which answers the question of what a lease though the
link in the previous sentence also offers a definition of leasehold
estate by stating that it is ... an
ownership interest in land in which a lessee or a tenant holds real
property by some form
of title from a lessor or landlord. For more Wikipedia information
about leasehold estate, CLICK
HERE.
There are various types of leases, for example, a triple-net lease. There
are also credit rating levels of tenants, for example, a triple-A
tenant. The NLR website (www.netleasedretail.com) answers
the question: If Considering a Net Leased Investment,
What are the Different Lease Types?
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