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uk â /ËtenÉnt/ us â LAW, PROPERTY. âº a person or organization that uses a building or land and pays rent to its owner: We are hoping to lease the four-story building to a single tenant when it's completed this fall. Both parties, landlord and tenant, will be bound by any express terms in the contract.
Anchor Tenant Law & Legal Definition. Anchor tenant is a major department or chain store located at a shopping mall so as to give maximum exposure to smaller, satellite stores. In other words it is a major shopping center that attracts majority of customers than other tenants because it rents more space.n anchor tenant is often referred to as a magnet store, anchor store, draw tenant, key tenant, prime tenant, or a traffic generator.