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Rent Abatement, What is it and how to get it. Why would a landlord give it?

Rent Abatement, What is it and how to get it.  Why would a landlord give it?

In simple terms getting free rent is rent abatement.  Important to note that if you are able to secure rent abatement, it likely only applies to the base rent.  This means that CAM/NNN charges would still be due.  So when can you get rent abatement/reduction? When negotiating a brand new lease When adding significant Tenant Improvements Down economic markets   How you negotiate the rent abatements depends on the situation In terms of new lease negotiations, this would be easiest time to … Read entire article »

Filed under: Commercial Leasing, Renegotiation