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A credit tenant lease is a method of financing real estate. The 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.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.
Who Is a Tenant at Sufferance. You are a tenant at sufferance if: Your written lease expires (it is not self-extending or you do not renew it for another term) and the landlord protests your staying;10. Your landlord sends you a valid notice to quit and terminates your tenancy for breaking your lease; Your landlord sends you a valid 14-day notice to quit for non-payment of rent;11. You were a tenant at will and you are now in your apartment or holding over after your landlord sent you a valid notice to quit;12.