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Rent Acceleration

Tenant acknowledges that (i) its agreement to fully and timely pay all installments of Fixed Rent is a material inducement for Landlord to enter into this Lease, (ii) the aggregate…

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Abatement: The reduction or elimination of a portion of rent during the lease term. Commonly referred to as “free rent,” “rent abatement” or a “rent concession.” An abatement may be…

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Real Estate Tax (Escalations): Provision in lease agreements where tenant agrees to pay its pro-rata share of any increase in real estate taxes on the leased property over and above a…

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