most favored tenant clause


A provision in a lease that assures a tenant that any negotiated concessions given to other subsequent clients will be extended to that tenant as well. Most favored tenant clauses help landlords in the early stages of renting, because it assures clients that later tenants will not receive better terms.
Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
most distant month most favoured nation