Rent abatement

**Rent Abatement**

Rent abatement refers to a temporary reduction or suspension of rent payments, often agreed upon between landlords and tenants during specific circumstances such as property repairs, renovations, or unexpected events that affect the tenant’s ability to use the rented space. This arrangement helps provide financial relief to tenants while ensuring landlords retain tenancy agreements. Rent abatement clauses are commonly included in commercial and residential lease contracts to outline the conditions under which rent can be partially or fully waived for a period.