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preexisting tenant

Defined in 1 dictionary — U.S. Code

United States Code

12 U.S.C. § 1701Z — for purposes of this section

The term “preexisting tenant” means, with respect to a multifamily housing project acquired pursuant to this section by a purchaser other than the Secretary at foreclosure or after sale by the Secretary, a family that resides in a unit in the project immediately before the acquisition of the project by the purchaser.