He said: "We are offering a three-month rent-free period
from August and then a 50% reduction after that.
Instead of lowering rents, Rayner said, the owners are offering incentives such as rent-free period
and rents inclusive of utility bills to attract new tenants.
5% profit which will rise to more than 7% in March following the expiry of a rent-free period
at the park.
Filinvest Land had also sought to extend the rent-free period
to 18 months, but the SSS kept the six-month rent-free fit-out period, citing its leasing guidelines approved by the Social Security Commission.
Sometimes the rent-free period
is extended as an incentive to induce the tenant to take the lease at the rent required.
They generally include a rent-free period
, a reduced rent period, or cash payments from the landlord to cover specific costs.
Thus, there will be a rent-free period
from the first to fourth year of the lease period.
As part of the deal, a three-year rent-free period
was agreed to give the company time to refurbish the building and trade initially with fewer costs.
How about a rent-free period
when you sign up for a one-year lease?
For instance, how long do tenants want to commit for, should they ask for a lease break option and is the landlord willing to offer a rent-free period
while tenants adapt the premises to their needs?
In addition to a six-month rent-free period
the prize also includes business rates, heat, light and power, maintenance, care taking, security and cleaning.
BlackRock has a rent-free period
of 36 months and rent will be reviewed every five years, Songbird added.