- Free Rent means the sum of base rent and tenant reimbursements that are waived in accordance with the relevant lease contract. Seen in 30 SEC filings.
- Free Rent means the period at the start of a tenant's lease during which the tenant does not pay the base rent and operational costs, as stipulated in the lease agreement. Seen in 11 SEC filings.
- Free Rent means the tenant receives a discount in the shape of Free Rent for the initial four months of the lease term. The tenant is still required to pay CAM and Taxes during the Free Rent period. Seen in 2 SEC filings.
- Free Rent means the first two month's basic rent will be waived. The lessee will only be responsible for their share of operational costs during this free rent period. Seen in 1 SEC filing.
- Free Rent means forgiveness of land rent, allocated daily, for a specified period.
Seen in 1 SEC filing. - Free Rent means there is no rent payable for two specific months. The tenant is still required to pay additional rent and costs for utilities for those two months. Seen in 1 SEC filing.
- Free Rent means a credit issued to the tenant for all abated rent at the conclusion of the lease term, if the tenant has fully met all obligations hereunder. The right to receive credit for abated rent is completely contingent upon the tenant's full, faithful, and timely performance of its obligations under this lease. Seen in 1 SEC filing.
- Free Rent means the Basic Rent and all Taxes and Operating Expenses that are waived (provided the tenant is not in default) from the Term Commencement Date through the Rent Commencement Date (the “Free Rent Period”). Seen in 1 SEC filing.
Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
Search EDGAR for 'Definitions of free rent' yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
- Free Rent means all or part of the base rent, and possibly other operational costs, waived for a specified duration under a lease agreement.
Relevant Contract Types
Relevant Circumstances
- Beginning of a lease term.
- Renegotiation of lease terms due to hardship.
- Leasing of commercial properties.
- Renting properties with high vacancy rates.
Relevant Sectors
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Free Rent means all or part of the base rent, and possibly other operational costs, waived for a specified duration under a lease agreement
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