Don't Let Rent Abatements Reduce Future CPI-Based Rent Increases

Granting rent concessions and abatements (which we’ll refer to collectively as “abatements”) has become standard operating procedure in these troubled times. But before you engage in the practice, check your lease for a loophole that can limit how much of a rent increase you can command later.

The Question: Does your lease provide for future rent increases based on the Consumer Price Index (CPI)? If so, you could end up getting burned.

Here’s the loophole and how to plug it.