Property Management
Rent concessions offered to attract tenants in a competitive market may include:
AReduced lease terms only
BFree rent periods, reduced deposits, or tenant improvement allowances✓ Correct
COnly a 10% discount on annual rent
DAutomatic lease renewals
Explanation
Landlords in competitive markets may offer concessions such as free rent for one or more months, reduced security deposits, or a tenant improvement (TI) allowance to attract and retain tenants.
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