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This question was closed without grading. Reason: Answer found elsewhere
Mar 29, 2018 14:29
6 yrs ago
8 viewers *
English term

principals

English to French Law/Patents Real Estate Contrat de gestion immo
Property Manager will assist Owner to conduct OFAC searches on all prospective tenants and the principals thereof prior to any tenant being presented for formal approval by Owner and for an initial lease or any lease renewal and will retain a record of such searches in the Lease file for each tenant.
Proposed translations (French)
4 les locataires pressentis et leurs mandants
4 -1 les locataires déjà installés/ayant déjà signé ...
4 -1 les locataires potentiels et les entités qui les contrôlent
3 -2 débiteur principal

Discussion

AllegroTrans Apr 4, 2018:
I am also curious What answer did you end up with? I see you are often closing your answers in this way. If you consistently do this, you will find less and less people willing to help you. Even if you don't use it in total, the site expects you to credit the answer that was "the most useful".
Daryo Apr 3, 2018:
Just curious ... What is the translation you "found elsewhere"?
Daryo Apr 2, 2018:
it's basically the same story but involving suppliers instead of "buyers" of services [i.e. tenants]

This company should check with OFAC if potential suppliers are not on the OFAC "forbidden list", or are not being controlled by [in practical terms: acting on behalf of] someone else who is on the OFAC list.
Marilyn D. (asker) Mar 30, 2018:
Hi everyone and thank you for helping ! There are two other sentences mentioning that term: "Property Manager will assist Owner to conduct OFAC searches on all prospective vendors and the principals thereof prior to entering into negotiations regarding a proposed service contract and will retain a record of such search in the Property records." and "In no event will Property Manager enter into a service contract relating to the Property or propose a service contract to Owner if the vendor or any of its principals appear on the OFAC list"
Daryo Mar 29, 2018:
in fact ... there is already a pretty good clue, just waiting to be picked up.
AllegroTrans Mar 29, 2018:
or yet again some kind of sponsors or guarantors
We definitely need info from the Asker here
Daryo Mar 29, 2018:
or possibly branches of a large company

these are "principals" of / in relation to prospective tenants - nothing to do with the difference between existing and prospective tenants - anyway checking the "acceptability" https://ofac.finra.org/ once you have already let a tenant in would be rather pointless...
AllegroTrans Mar 29, 2018:
More information needed please "The principals" suggests that the tenants may be a company's employees, and therefore "the principals" are presumably their employers. Does that make sense asker? Please let us know

Proposed translations

-1
37 mins

les locataires déjà installés/ayant déjà signé ...

suggéré
Peer comment(s):
neutral AllegroTrans : I very much doubt whether this is referring to previous tenants as they would presumably have no connection with prospective tenants; I don't see your chain of reasoning and your confidence level is way too high for what appears to be only a guess
1 hr
disagree Francis Marche : Suggestion sans rapport avec la question
6 days
Something went wrong...
-2
1 day 1 hr
English term (edited): principal

débiteur principal

Principal
One primarily liable on an obligation as distinguished from an endorser or surety.

Débiteur principal
Personne sur qui repose en définitive la charge d'une dette, par opposition à l'endosseur ou au garant.
TERMIUM


ttps://www.litige.fr/definitions/garant-location-caution-logement
Le contrat de cautionnement est signé en annexe du contrat de bail, et lie le Garant au bailleur. ... Le propriétaire devra d'abord se tourner vers son débiteur principal, le locataire, en cas d'impayés.

www.ici-c-nancy.fr/.../5782-vos-droits-je-me-suis-porté-gar...
Aug 5, 2013 - Le propriétaire bailleur ou l'établissement financier se retourne d'abord vers le débiteur principal (locataire ou emprunteur) pour tenter de récupérer les ..


Minister of Citizenship and Immigration on behalf of and solely as Agent and not as principal for each Approved Fund ("the Minister")
l'Immigration, au nom de chaque fonds agréé et uniquement en qualité de mandataire et non pas de débiteur principal (le « ministre »)

www.patrickbesseavocat.fr/.../cautionnement-contrat-caution...
Le cautionnement est un contrat, écrit, obligatoirement, par lequel une personne (« la caution ») s'engage à payer la dette d'un tiers, généralement parent ou ami (« le débiteur »), si celui-ci n'arrive pas lui-même à remplir ses engagements

https://www.courdecassation.fr/...2/.../lardet_conseiller_43...
article 1743 du Code civil : avec la vente de l'immeuble, le bail en cours a été cédé, et, pour le locataire débiteur principal, la relation contractuelle s'est poursuivie dans les mêmes conditions sans .


https://www.tpsgc-pwgsc.gc.ca/app-acq/forms/documents/506.pd...
For the purpose of this bond, a Claimant is defined as one having a direct contract with the Principal or any Sub-Contractor of the Principal .... directement avec le débiteur principal ou l'un quelconque de ses sous-traitants




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Note added at 2 jours 19 heures (2018-04-01 09:52:45 GMT)
--------------------------------------------------

A mon avis, on fait ici référence aux garanties données par le locataire en cas de cautionnement pour la location du loyer. Le locateur est alors créancier vis-à-vis ces débiteurs qui lui assurent une entrée de revenus.
Peer comment(s):
neutral ph-b (X) : les débiteurs principaux des locataires potentiels ?
26 mins
disagree AllegroTrans : Nothing suggests that these principals are themselves liable for payment; they might be, but you cannot presume
18 hrs
I do you translate ''thereof'' ?
disagree Daryo : s.o. is s.o.'s "principal" when it gives instructions to s.o. - here it's any entity giving instructions about what to do to the tenant (= controlling the actions of the prospective tenant) - absolutely NOTHING to do with any kind of "obligation to pay"
3 days 4 hrs
Something went wrong...
-1
5 hrs
English term (edited): prospective tenants and the principals thereof

les locataires potentiels et les entités qui les contrôlent

it's related to OFAC searches:


OFAC regulations prohibit transactions with certain persons and organizations listed on the OFAC website as "Terrorists" and "Specially Designated Nationals and Blocked Persons," as well as listed embargoed countries and regions. Firms must check this list on an ongoing basis to ensure that potential customers and existing customers are not prohibited persons or entities and are not from embargoed countries or regions before transacting any business with them.

https://ofac.finra.org/#/

So in this context a "principal" would be any entity that has effective control over the prospective tenant.



--------------------------------------------------
Note added at 4 days (2018-04-02 21:17:09 GMT)
--------------------------------------------------

not so blindingly obvious, apparently:

prospective tenants and the principals thereof
where
"thereof" refers to "prospective tenants"
=>
prospective tenants and the principals of prospective tenants

IOW there are TWO categories of persons/entities on which to conduct OFAC checks:

the obvious ones: prospective tenants

and the far less obvious ones: the principals of prospective tenants.



Peer comment(s):
agree AllegroTrans : Yes, definitely
1 hr
"entities" can also control / be "the principal" of natural persons - I think this covers all variants. Thanks!
disagree GILLES MEUNIER : entités qui les contrôlent = ça fait penser à de la manipulation mentale. C'est sur-traduire thereof
6 hrs
I'm deeply impressed by the expertise of your MT ...
disagree Francis Marche : "entités qui les contrôlent" fait un drôle d'effet en français (like for a cultish entity controlling its members, etc.)
5 days
Ever tried to use RealWorld-v0.1 as a reference, or just pay attention to it? You might discover many more "funny sounding" stuff ... that happens to be the proper trade jargon! Next question: for who is this "funny sounding"? ... Ouch!
Something went wrong...
6 days

les locataires pressentis et leurs mandants

ambassades, sociétés, etc.

("prospective" = pressenti)

--------------------------------------------------
Note added at 6 days (2018-04-04 16:25:18 GMT)
--------------------------------------------------

"leurs mandants" ou "leurs garants"
Something went wrong...
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