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0uterBridge Law

Rent concession

These concessions may include free rent periods, reduced monthly rent for a limited time, or waived fees such as move-in or parking charges. In New York’s competitive housing market, rent concessions are commonly used to make leases more appealing without permanently lowering the official rent. While they can provide short-term savings, it is important for tenants and landlords to clearly document all terms in writing to avoid misunderstandings and ensure compliance with lease agreements and local housing laws.

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