Rent abatement is reduction of the amount of rent due.
of Abate
Smog abatement means reducing the amount or intensity of smog.
Pollution abatement is reduction of the amount of pollution being created or existing in an area.
An order of abatement is a legal order to correct a violation of some sort.
A judicial abatement is a reduction of something, often a fine or jail sentence, by judicial action.
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.
A Fixturization period is time allowed to access a leased space for construction and store build out. Normally you will see a 5 year lease commencing after a 3 month fixturization period. i.e. tenant has possession of the space for 63 months Rent abatement is any free or discounted rent given within a lease term. i.e. 3 months of free rent. Always ask for 6 months of free rent and negotiate from there.
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.
abatement
In Massachusetts, in cities which require occupancy permits, the lack of a permit is a prima facia code violation. Judges can award a rent abatement for code violations (forgive some unpaid rent, or direct that the landlord return some rent paid). However, if that is the only violation, and the unit is otherwise fine, the judge might not award an abatement, but simply order the landlord to get the permit.
abatement abatement
of Abate
Abatement of pain is the same as reduction of pain.
Abatement may refer to Abatement Technologies, a well-known manufacturer of air duct cleaning equipment. Or it may refer to other services offered by the air duct cleaning provider, such as asbestos abatement or lead abatement.
"Abatement of rent" generally means that for a period of time rent is not payable. For instance, in many leases if the rented space suffers a casualty loss, like a fire, or flood, and can't be used ("untenantable") the lease will say that the tenant does not have to pay rent. The theory is that insurance will cover the landlord for the "lost rent" and insurance will cover the tenant for its "business interruption" during the period of "untenantability". There may be other times rent will abate, but usually when there is an interference with use in some way, such as electrical service in the building going out for a week only because the landlord is slow on repairs.... And sometimes ALL of the rent is abated, and in some other cases only a portion is abated.
Smog abatement means reducing the amount or intensity of smog.
Pollution abatement is reduction of the amount of pollution being created or existing in an area.