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Alteration Requirements

NOTE: THIS CHEAT SHEET HAS BEEN PREPARED OFF OF AND CONFORMED IN LARGE PART FROM VARIOUS FORMS AND PROVISIONS RECEIVED AND/OR USED BY LEASING REALITY’S PRINCIPAL(S) OVER MANY DECADES.  ABC…

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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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