Free rent periods and similar incentives are fairly common with retail and commercial leases. They are likely to be more common in the recovery period following the outbreak of Covid-19. Poorly drafted rent incentive clauses can give rise to disputes. Further, rent incentives are often made subject to a condition that the tenant does not default under the lease. There are situations where such conditions might not be enforceable. The resolution of such disputes requires a clear understanding of applicable laws and a savvy and practical approach.
Leasepro has the expertise and experience to guide you with clear and practical advice regarding your rights and best options. Get in touch for no-obligation information about how we can help you.