Difference Between Rent Abatement and Free Rent
Commercial property can be difficult to understand, with most requiring a lawyer’s analysis. While some provisions may be clear, others may be complex. This brings the importance of fully understanding before committing to it. Tenants are advised to negotiate and ask for concessions that can save their businesses huge sums of money throughout the lease period. Among the provisions of commercial or even rental leases may be the option of a rent abatement period or free rent.