Rent Concession: Key Legal Insights for NYC Tenants and Landlords
Finding the right apartment in New York City often involves more than simply agreeing on a monthly rent amount. In a competitive or changing rental market, landlords may offer incentives to attract new tenants or encourage existing tenants to renew. One of the most common incentives is a Rent Concession. A concession can make a rental offer look especially appealing, but both tenants and...
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