Business Terms and Jargon Explained
What is Reentry
This is when possession of a property is taken by the
landlord or owner. This can happen when
The tenant has abandoned the property
Tenant has failed to pay its rent
Possession has been restored to landlord by a
A buyer has defaulted on payments
foreclosure of a mortgage
The reentry clause will be in the lease or mortgage/sale contract.
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Term created / updated 2014-03-18 16:53:31
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