Benefits granted by a seller/lessor to induce a sale/lease.
Those inducements offered by a landlord to a tenant to sign a lease. Common concessions in a tenants' market include free rent, extra tenant improvement allowance, absorption of moving costs and lease assumptions.
In 1Q05 this is defined as discounts offered to prospects on the base rents or fees if equal to one month's rent or more. [Note: in quarters prior to 1Q05 this was defined as discounts on rents or fees that have a minimum annual savings of $1,000 designed to motivate buyers to purchase.
In real estate, free rent, allowances for alterations, etc., or similar payments or allowances from a landlord to induce a tenant to sign a lease.
Benefits or discounts given by the seller or landlord of a property to help close a sale or lease. Common concessions include absorption of moving expenses, space remodeling or upgrades (also called "build-outs"), and reduced rent for the initial term of the lease.
Cash or cash equivalents expended by the landlord in the form of rental abatement, additional tenant finish allowance, moving expenses, cabling expenses or other monies expended to influence or persuade the tenant to sign a lease.
Discounts given by landlords to prospective tenants to induce them to sign a lease.
Cash expended by the landlord in the form of rent abatement, build-out allowance, or other payments to induce the tenant to sign a lease.