Inducements offered by a landlord to get a tenant to sign a lease. Common concessions are rent abatement, extra tenant improvement dollars, payment of moving costs and assumption of an existing lease obligation.
The identified rental rate in a lease (also known as contract rate), as shown in the lease itself.
The dollar per square foot per year, which the tenant actually pays on average over the term of the lease.
Changes in the base rent during the term of the lease, including fixed percentages, C.P.I. increases, or pre-set “bumps” in the rental rate at specified points in the lease term.