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a lease abatement is a clause within a lease contract allowing the lessee to forgo rent during its initial few months of rent. this is critical because, as rent goes, it can be the biggest expense for a new business. an abatement allows the company to bypass the rent during the buildout phase when it is not making any revenue.

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Q: What does lease abatement mean?
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What does abatement of pain mean?

Abatement of pain is the same as reduction of pain.


What does lease mean?

a lease abatement is a clause within a lease contract allowing the lessee to forgo rent during its initial few months of rent. this is critical because, as rent goes, it can be the biggest expense for a new business. an abatement allows the company to bypass the rent during the buildout phase when it is not making any revenue.


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abatement


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