Glossary entry (derived from question below)
English term or phrase:
single-tenanted properties
English answer:
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Added to glossary by
ahmadwadan.com
Aug 13, 2005 17:06
18 yrs ago
8 viewers *
English term
Saudi Arabia
English-Arabic Financial Translator
Native in: Arabic (Variant: Egyptian)
Works in: English to Arabic, Arabic to English, Arabic, and 1 more.
single-tenanted properties
English
Bus/Financial
Business/Commerce (general)
Investment
There are two types of tenanted properties:
single-tenanted properties and multi-tenanted properties
single-tenanted properties and multi-tenanted properties
Responses
| 4 +10 | ---- |
Johan Venter
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Responses
+10
12 mins
Johan Venter
Czech Republic
Czech Republic
Native in English
&
English
Specializes in field
Czech Republic
Related KudoZ points
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8
Selected
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A tenant is a renter (one who makes regular payments in exchange for uses property in exchange for regular payments; one who allows someone to use property in return for regular payments) and in the case of a single-tenant property there is most probably only one flat/apartment and therefore only one person responsible for paying the rent.
With multi-tenant properties there are most probably multiple flats/apartments with more than one person responsible for paying the rent.
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Note added at 24 mins (2005-08-13 17:31:38 GMT)
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Single tenant can also apply to the business world. A building that hosts multiple companies would be a multi-tenant property, while a building that hosts a single company would be a single-tenant propety.
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Note added at 26 mins (2005-08-13 17:33:16 GMT)
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The link Nick provided made me add the final note, thanks Nick :)
With multi-tenant properties there are most probably multiple flats/apartments with more than one person responsible for paying the rent.
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Note added at 24 mins (2005-08-13 17:31:38 GMT)
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Single tenant can also apply to the business world. A building that hosts multiple companies would be a multi-tenant property, while a building that hosts a single company would be a single-tenant propety.
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Note added at 26 mins (2005-08-13 17:33:16 GMT)
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The link Nick provided made me add the final note, thanks Nick :)
Peer comment(s):
| agree |
Nick Lingris
: Nice description here [http://www.nareit.com/portfoliomag/04marapr/dev2.shtml].
11 mins
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Thanks :)
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Armorel Young
: Agree with the last point in particular - in the UK a multi-tenanted property is likely to be an older house divided into a number of flats or bedsits.
14 mins
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Thanks
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juvera
: Yes, but it can be a huge house, if it is rented by one rich tenant with 6 children, grandpa, elderly aunt, plus the au-pair and the housekeeper, it is still a single-tenanted property.
27 mins
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Absolutely correct. In short, only one person who pays the rent. Thanks :)
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Refugio
45 mins
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Thanks
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| agree |
Robert Donahue (X)
1 hr
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Thanks
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| agree |
jennifer newsome (X)
1 hr
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Thanks
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Edy Vigne
: I should add that single-tenant refers to one household or family. Not necessarily one person pays the rent but rather one family
3 hrs
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True, but from the legal point of view there is only one responsible party. Thanks.
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humbird
3 hrs
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Thanks
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| agree |
Alfa Trans (X)
14 hrs
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Thanks
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| agree |
Vicky Papaprodromou
20 hrs
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Thanks
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4 KudoZ points awarded for this answer.
Comment: "Thank you"
Discussion
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