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Expressed in months, the rent abatement concession expected to be granted to a tenant as a part of a lease incentive underneath present market situations. The present leased portion of a building or property expressed as a share of its total area or models. Used to estimate leasing-related prices and downtime, it's the common percentage of tenants in a constructing which are anticipated to renew at market rental rates upon the expiration of their leases.
A tenant retaining possession of the leased premises after the expiration of a lease. The landlord lists, in detail, the building customary materials and costs essential to make the premises appropriate for occupancy.
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