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Rent Abatement Lease Clause Sample

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.
Form Type: Contract Clauses
Practice Area: Corporate & Securities, Employment, Intellectual Property

Date: May 2014
PLI Item #: 58380
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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