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Outerbridge Law

Rent Concession

Such agreements can be beneficial for both parties tenants enjoy cost savings, while landlords maintain occupancy and steady cash flow. However, it’s essential to have the terms clearly outlined in writing, specifying the concession period, amount, and any conditions. Understanding the legal implications of a rent concession ensures that both landlord and tenant rights are protected, helping avoid disputes. Clear documentation and compliance with local laws make these agreements a valuable tool in fostering positive rental relationships.

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