An economic incentive to encourage a tenant to sign a new lease or renew an existing lease. Concessions are usually related specifically to the rental rate (e.g., a month’s free rent).
« Back to Glossary IndexAn economic incentive to encourage a tenant to sign a new lease or renew an existing lease. Concessions are usually related specifically to the rental rate (e.g., a month’s free rent).
« Back to Glossary Index