Rent Abatement Agreement

WHAT’S IT FOR?

If you are leasing or subleasing property for commercial purposes, a rent abatement is a great incentive for tenants to sign longer lease terms or to renew their existing lease. However, it is important to have a Rent Abatement Agreement in place to ensure the terms of the rent abatement are clear and to protect your interests.

WHAT’S INCLUDED?

We’ll draft a Rent Abatement Agreement for your business.

This package includes:

• Drafting a Rent Abatement Agreement in accordance with the requirements of your business
• Phone consultations (up to 60 minutes) with a Sprintlaw lawyer who will take your instructions, advise you on the legal issues you need to know and answer your questions about the document
• 1 x complimentary amendment to the final draft we provide you, as long as you request the amendment within 10 business days of us delivering the final draft

Please note that this package does not include:

• Any direct negotiations or correspondence with the counter-party or their lawyers, or reviewing any responses from the counter-party or their lawyers to the list of requested changes. If you need further negotiation support or additional rounds of review, we will provide a new quote.
• Any employment, tax, accounting or other compliance issues.