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 judgment.

  • 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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