Letting
Rent-free period
Period without rent payments offered as an incentive.
A rent-free period is a temporary exemption from rent, often one to three months per contracted rental year, to persuade a tenant to sign. Calculate the effective rent by spreading the exemption over the lease term.
See also
Let commercial propertyFrequently asked questions about Rent-free period
What does Rent-free period mean?
Period without rent payments offered as an incentive.
How does Rent-free period work in commercial real estate?
A rent-free period is a temporary exemption from rent, often one to three months per contracted rental year, to persuade a tenant to sign. Calculate the effective rent by spreading the exemption over the lease term.
Related terms in letting
Incentive
Financial incentive to enter into a lease.
Service charges
Costs in addition to the base rent.
Loss of rental income
Rental income lost through vacancy or non-payment.
Rent indexation
Annual adjustment of the rent.
Rental deposit
Security for the landlord.
Handover in shell / bare / building-services-fitted condition
Level of finish on handover.
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