Tenant

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Tenant

A partial owner of a security, or the holder of some property. See: Lessee.

Tenant

One who has obtained the right to use land, a house, and/or other property owned by someone else. Sometimes, this includes the right to develop land belonging to another, but normally it is the right to live on an already developed property. The contract governing a lessee's rights is a lease; it generally includes the lessee's right to use the property under certain conditions without undue interference from the lessor for the period of time described in the lease. In exchange, the lessee pays rent.

tenant

(1) One who leases real property. (2) One who has an estate in land,such as a joint tenant with right of survivorship.

References in periodicals archive ?
Close to 90 percent of the tenants receive financial assistance from federal, state or city governments.
He ran extensive background and credit checks on the tenants and verified employment.
43 million, 53-unit project in Toronto, Newtonbrook United Church and the Taiwanese United Church of Toronto Non-Profit Homes Corporation, for lower income senior citizens, families with children, and single persons, approximately 40 per cent of the tenants will pay rent geared to their income.
A joint venture partnership between a taxable real estate investment trust (REIT) subsidiary (TRS) and an independent contractor of the REIT may provide noncustomary services to the REIT's tenants without causing the rent pay-merits to fail to qualify as rents from real property for purposes of Sec.
Traditional tenant screening may take several days and frequently miss key information that can help identify potentially undesirable tenants, and it can leave property owners and managers open to charges of discrimination," said Jeff Cronrod, president of Fidelity Information Corporation, which operates the TenantAlert service.
Rent increases in these older units are limited to a maximum of 3 percent per year for existing tenants, but landlords can charge new tenants whatever the market will bear.
To English liberals the fact that in England tenants did enjoy compensation for improvements, together with Ulster's relative prosperity within Ireland, made tenant right the elixer which would cure Irish agrarian ills.
Incentives to attract commercial tenants and the tax ramifications.
Under this program, all building tenants will receive the company's high-speed Internet service as an amenity.
We were able to lease out the entire building to an array of prominent and sophisticated tenants in just under three years," said Eulau.
PALMDALE - Apartment tenants sued their building's owners and managers, saying they retaliated with a rent increase and threats of eviction or deportation after tenants asked for repairs.
In today's business environment, prospective tenants of commercial property have many alternatives when choosing commercial space and structuring lease agreements.