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Rent Abatement Lease Clause Sample

Book Publication Date: Sep 2013
Description: A retail tenant's ability to pay rent may be highly dependant on their ability to generate revenues from that particular location. Therefore, it is important to inlcude a rent abatement clause in the lease. The sample rent abatement clause included here provides for rent abatement in the event that the premises become untenantable due to the landlord's failure to provide agreed upon repairs or services.
Type: Contract Clauses
PLI Item #: 58380
Practice Area: Commercial law, Fashion design, Intellectual property

Keywords: fashion; retail; brand; "real estate"; "brick and mortar"; landlord; tenant; rent; "percentage rent"; "fixed rent"; lease; "gross revenue"; "rent abatement"; "abatement event"; untenantable; maintenance; repairs

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