Phrases with «rent abatement»

"Rent abatement" refers to a temporary reduction or elimination of rent payments that a tenant owes to a landlord, usually due to specific circumstances, such as a property maintenance issue or a temporary loss of use of the rented space. Full definition

Sentences with «rent abatement»

  • NYCHA — After long winter, Legal Aid seeks to expand lawsuit against NYCHA for heat outages, by POLITICO's Sally Goldenberg: The Legal Aid Society, which is challenging the New York City Housing Authority for rent abatements for tenants who lost heat and hot water this winter, wants to turn its case into a class - action lawsuit. (politico.com)
  • Knickerbocker Village, Inc. representatives said in a statement its staff had been working around the clock to restore services and that it was looking into the issue of rent abatement. (dnainfo.com)
  • The length of the lease's term also affects other key variables, such as tenant improvements and concessions such as rent abatement. (entrepreneur.com)
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