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Rent free periods are incentives within commercial leases where the tenant pays no rent for a defined initial period. A solicitor working in this area helps draft, negotiate and align these concessions with the overall lease terms, including rent reviews, service charges, guarantors and break options. They advise on what happens when the rent resumes, how the concession interacts with renewal rights, and how it affects the lease’s forfeiture and assignment provisions.
The solicitor handles the complexities of the incentive: ensuring the rent-free period is correctly reflected in the lease, its impact on rent reviews and any stepped rent, coordinating with property agents and the landlord’s solicitor, and safeguarding the client’s position on remedies for breaches or changes in occupancy.
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