Letting
Incentive
Financial incentive to enter into a lease.
Incentives are concessions from the landlord, such as rent-free months, a fit-out contribution or a lower initial rent. They reduce the effective rent and should always be taken into account when comparing offers.
See also
Let commercial propertyFrequently asked questions about Incentive
What does Incentive mean?
Financial incentive to enter into a lease.
How does Incentive work in commercial real estate?
Incentives are concessions from the landlord, such as rent-free months, a fit-out contribution or a lower initial rent. They reduce the effective rent and should always be taken into account when comparing offers.
Related terms in letting
Rent-free period
Period without rent payments offered as an incentive.
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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