Multi-Tenant

Multi-Tenant. A Business Sector comprised of all Mortgaged Properties leased by an Issuer (or the Borrower, in the case of a Mortgaged Property securing a Mortgage Loan) to two or more Tenants, as well as all Mortgaged Properties leased by an Issuer (or the Borrower, in the case of a Mortgaged Property securing a Mortgage Loan) to one Tenant but subject to a sub-lease pursuant to which such sub-lessee is primarily responsible for paying any portion of the rent due to the Issuer (or the Borrower, in the case... of a Mortgaged Property securing a Mortgage Loan) or any portion of maintenance costs, taxes and/or insurance premiums due in respect of the Mortgaged Property (unless the Tenant guarantees the payment of, or is separately obligated to pay, all such rent, maintenance costs, taxes and insurance premiums) View More