Lease incentives offered by landlords to tenants have significantly evolved in recent times. Since the onset of COVID-19, there has been a substantial decline in commercial tenancies for various reasons, leading to an increased need for landlords to lure and entice tenants into signing new leases or renewing for additional terms.
In our latest Property alert, we explain what a lease incentive is, the purpose of the clawback clause, and the implications for both landlord and tenants when negotiating a lease.
