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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.
A tenant is defined by his or her relationship to the landlord or the person to whom he or she pays rent. If a tenant pays rent to another tenant, then that person is, in effect, the tenant's landlord. Here's very some basic definitions: MASTER TENANT: Tenant who moved into the premises under a written or oral contract with the landlord or who inherited the apartment after the original master tenant left.