Free rent refers to the occupancy of a space without payment, typically used as a promotional tool or as part of a compensation package. It is commonly seen in real estate where landlords might offer rent-free periods as an incentive to tenants or include free rent as part of employment agreements.
The Rent-Free Period is a portion of the term of a lease during which no rent is required. It is typically offered by a landlord as a rental concession to attract tenants.
