The usual unit measuring flow rate for irriga-. tion water rights is a cubic foot per second (cfs). This is water flowing through a cross-sectional. area of 1 ft2 at a velocity of 1 foot per second, and. itâs sometimes called a second-foot.
A life estate is a legal arrangement to transfer property automatically upon a personâs death. One person is given an interest in the property for his or her lifetime. This person is called a life tenant (LT). At the death of the life tenant, property will pass automatically to one or more other individuals or organizations. The people or organizations that receive the property at death are called remaindermen.
Credit tenant leases may be created either in sale/leaseback transactions, or new purchase transactions. A credit tenant is usually an organization with a national footprint, a large regional tenant, or a local tenant with excellent credit that may be better than their national competitors.Only larger companies are called credit tenants.he landlord borrows money to finance the property and pledges as security the rents to be received from the tenant. Usually, the financing is structured as nonrecourse debt, and the lease is structured as a triple net lease.