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Land tenant

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LAND TENANT. He who actually possesses the land. He is technically called the terre-tenant. (q.v.)



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Barry of Grubb & Ellis said that, in addition to the 25,000-square-foot tenant with which Koll is currently negotiating, the developer is looking to land tenants for another 20,000-square-foot store and 15,000 square feet of small-shop space.
EXISTING LAND TENANTS MAY BE UNWILLING TO EXTEND THEIR LEASE TERMS OR TO INCREASE THEIR RENTS AND/OR HRPT MAY BE UNABLE TO FIND NEW TENANTS.
Some of the land tenants have borrowed money secured by their leasehold interests to develop their leaseholds or operate their businesses, but all of these tenant leasehold mortgages are subordinated to HRPT's land ownership.
 
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