Tenant Credit Protection is a financial term in the real estate leasing industry, referring to third-party financial support for tenants' obligations under a real estate lease.
Such contracts may include labor union contracts, supply or operating contracts (with both vendors and customers), and real estate leases.
THIRTY years ago the commercial real estate lease was a simpler document, lawyers say.
Gambling, tourism, oil & gas, and real estate leases, plus various off-reservation financial and business investments, have contributed to their success.
Because of the momentum of the luxury market and the value of real estate leases, analysts said the company might bring at least $3 billion.
"The magazine needed to do something to get out from under the enormous burden of real estate leases."
But a person familiar with the deal said the value was nearly $200 million, including the value of real estate leases on buildings Prodigy occupies and its communications network.
China began accepting bids for real estate leases from foreign investors.
It continues to exist today due to a favorable real estate lease it got.
It allows them to terminate any real estate lease when their military orders require them to do so.