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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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Related Questions

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.


What does smog abatement mean?

Smog abatement means reducing the amount or intensity of smog.


What does order of abatement mean?

An order of abatement is a legal order to correct a violation of some sort.


What does potential penalty abatement mean?

Potential penalty abatement means the possibility that the amount of a penalty might be reduced.


What does abatement mean when it pertains to air duct cleaning?

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.


How do you spell abatement?

abatement


What rhymes with statement?

abatement abatement


What is the synonym for reprieve?

Postponement, responsibility, and abatement are words. Those mean reprieve.


What does SMOG mean?

Smog abatement means reducing the amount or intensity of smog.


Is Abatement a noun?

Yes, "abatement" is a noun. It refers to the action of reducing or lessening something, such as noise abatement or pollution abatement.


What is rent abatement?

Rent abatement is reduction of the amount of rent due.

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