Rent-free Period
Definition of "Rent-free period"
Span of time a rental agreement is free to the occupant. A landlord may offer this as an incentive to stimulate rentals. For example, an owner of an office building may provide a free rental for the first month if the tenant signs a one-year lease.
Popular Real Estate Terms
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Borrower's right to redeem his property by immediately paying off the loan balance and any related costs. ...
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