Rent abatement can be an attractive lease incentive for anyone who wants to rent commercial real estate. Rent abatement allows a tenant to pay a portion of rent, or none at all, until the landlord completes work (often repairs) on the property. A tenant will find rent abatement terms outlined in their property lease, and they can reduce or entirely eliminate rent expenses if the property is no longer usable.
Rent abatement can offer benefits to both landlord and tenant. For tenants, it provides that you may ... read more