Tax Abatement
Any abatement, reduction, lessening, exemption, or deferral of real estate or other taxes levied against a PropertyPropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). , including any PILOTPILOTPayment In Lieu Of Taxes. .
Synonyms
Tax Abatements