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Healthcare Newsletter

Rent Start Date

Provided by:  Jennifer Kirschenbaum, Esq.

June 14, 2018

 

Question:

Hi Jennifer, 

I'm doing some work at my new space once I sign the lease.  The landlord mentioned I can have an abatement for a few months but when should the rent start?

Thanks, 
Dr. P

Answer:

Good question. Preferably if you are doing work on the space at your cost - improving the value for another owner - I recommend your abatement period or Rent obligation be pushed off at least until you know you can actually do your work.  Meaning, if the work you are doing requires permits, try to push it so you do not get expend your abatement until you are very much on your way towards completing your work.

A lease may seem straight up and easy to understand - never forget it is likely a 5+ year obligation where the Landlord has a lot of leverage by law and, most likely, contract.  Always best to have it checked.  


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