Rent Concession Agreement

This Rent Concession Agreement outlines terms under which the Landlord agrees to provide a reduction or waiver of rent to the Tenant for a specified period. This document defines the details of the concession and the obligations of both parties.

Parties

This Rent Concession Agreement (the "Agreement") is entered into on {agreementDate}, by and between:

• Landlord: {landlordName}, located at {landlordAddress}
• Tenant: {tenantName}, residing at {tenantAddress}

Property Details

The concession pertains to the property located at: {rentalPropertyAddress}.

Concession Terms

The Landlord hereby agrees to grant the following concession to the Tenant:

• Type of Concession: {concessionType}
• Effective Dates: From {effectiveFrom} to {effectiveTo}
• Discount Details: {concessionDetails}

{#isRentWaived}

Note: This agreement confirms that rent is fully waived for the period specified above.

{/isRentWaived}

{^isRentWaived}

Note: This agreement provides for a partial rent reduction, and the Tenant shall remain responsible for the rental balance.

{/isRentWaived}

Payment Terms

The adjusted monthly rental payment during the concession period will be: {adjustedRentAmount}

Conditions of Concession

The rent concession is subject to the following conditions:

{#concessionConditions}

• {condition}

{/concessionConditions}

Obligations of the Tenant

The Tenant agrees to the following obligations as a condition for receiving the concession:

{#tenantObligations}

1. {obligation}

{/tenantObligations}

Termination

The Landlord reserves the right to terminate this concession if any of the following events occur:

{#terminationEvents}

• {event}

{/terminationEvents}

Signatures

This document represents the entire agreement between the parties and supersedes any prior oral or written agreements related to the subject matter herein.