Abatement Lease Agreement

Tenant insurance protects a tenant if they cannot temporarily live in a house. As a result, it can serve as a viable substitute if the rent reduction is not included in a lease agreement. The landlord usually wants to get as much value as possible from you – his tenant. There are many ways they can derive value from you. They may charge you a higher rent. Another possibility is to get you to sign a longer-term lease. Another homeowner might choose to increase the amount of construction costs you pay. It`s a bit like going to a restaurant and filling up with salad, bread, steak or dessert. Anyway, you will be full. If your commercial lease agreement provides for a discount, if you cannot occupy your office, read the clause carefully.