Dictionary of Business Terms: rent-free period
rent-free period
portion of the term of a lease when no rent is required; offered by a landlord as a rental concession to attract tenants.
Dictionary of Real Estate Terms: rent-free period
rent-free period
a portion of the term of a lease when no rent is required. It is offered by a landlord as a rental concession to attract tenants.
Example: In order to attract tenants to the new office building, the landlord is offering a 3-month rent-free period to all tenants who sign a 2-year lease.
