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