Property Management
In South Dakota, a 'rent concession' in commercial leasing typically refers to:
AA permanent rent reduction for long-term tenants
BFree rent, reduced rent, or other incentives offered to attract tenants during lease-up✓ Correct
CThe landlord's concession that all CAM charges are included in base rent
DA SDREC-approved rent stabilization program
Explanation
Rent concessions (free rent periods, reduced initial rent, tenant improvement allowances) are incentives landlords offer to attract tenants in competitive markets or during lease-up of new developments.
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