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How to fill out the RENT CONCESSION RIDER - Contentrelatedcom online
Filling out the Rent Concession Rider is an essential step in formalizing the rent concession agreement between the landlord and tenant. This guide provides clear instructions to help users accurately complete this document online.
Follow the steps to successfully fill out the Rent Concession Rider.
- Press the ‘Get Form’ button to access the form and launch it in your preferred editor.
- Begin by entering the date on which the Lease Agreement is effective in the designated area. This should reflect the _____ day of ___________, _____ format.
- In the next fields, fill in the name of the Landlord, noted as 'Related Management Company, L.P. as Agent for Related BIT 500 Lake Shore Owner LLC,' followed by the landlord's address.
- Next, input the Tenant's name and the apartment number where indicated. Remember to specify the property’s complete address.
- Fill in the Commencement Date of the Lease Term, followed by the Termination Date to establish the lease duration.
- Indicate the Total Monthly Rent amount due as stated in the Lease Agreement.
- Detail the Rent Concession by entering the agreed-upon amount to be deducted from Total Monthly Rent for the first month, ensuring accuracy to avoid confusion.
- Review the conditions relating to the Tenant's default status, confirming that any failure to comply with the Lease Agreement will affect the eligibility for the Rent Concession.
- Finally, ensure to have both the Tenant(s) and the Agent sign and date the document in the designated areas to validate the agreement.
- After completing the form, save your changes. You may then download, print, or share the document as necessary.
Complete your documents online today for a smoother process.
Lease concession is accounted for as a deferral of payment, whereby the lessor continues to account for the lease using the rights and obligations of the current lease and recognizes a short-term lease receivable during the period in which payments are owed.
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