rent free period

rent free period
A period at the beginning of a tenancy during which no rent is payable by the tenant. It is given:
• As an inducement to the tenant to enter into the lease which does not affect the headline rent; or
• Recognition of the fact that until the tenant's fitting out works are complete, it cannot use the premises for its business.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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