A Rent Concession can offer much-needed financial relief for tenants while helping landlords remain competitive in New York’s demanding rental market. These agreements may include free rent periods, reduced monthly payments, or other incentives negotiated within a lease. Understanding how rent concessions work—and how they should be properly documented is essential to avoid future disputes. When structured correctly, rent concessions benefit both parties by creating flexibility without sacrificing legal protection or long-term stability.
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