Examples of Periodic tenant in a sentence
Periodic tenant charges which are not paid by tenants as a part of monthly rental payments (such as, in some cases, CAM charges and real estate tax reimbursements) shall be apportioned as of the Closing Date between Sellers and Purchaser (in the manner set forth above) upon receipt of the payment from the subject tenant subsequent to the Closing Date, based on the number of days in the lease year (or other period) before and after the Closing Date, respectively.
If that were the situation, Deutsches Land would be ineligible for an exemption (2) "Periodic tenant" means a tenant who holds possession without a valid lease and pays rent on a periodic basis.