How to Include Free Rent outside the Lease Term

To show Free Rent outside the Lease Term it is important to understand that the true Lease Term INCLUDES the Free Rent. From a legal perspective, the lease starts with occupancy (or in some cases earlier), whether the tenant is paying rent or not paying rent.

To show the Free Rent, make the Lease Term longer so that it includes the free rent period. The Lease Term is set on the Input sheet in the section called Lease Term.

Example:

Assume a 5 year lease with 6 months free rent outside the lease term.

The actual lease term is 5 years and 6 months, so in the lease term input section, make the term 66 months.

Applies To:

	Silver Series		Gold Series		Specialty Programs
ü	LseMod Tenant Rep	ü	LseMod Pro	ü	LseMod Condo
ü	LseMod Industrial	ü	LseMod Purchase	ü	LseMod Commission
ü	LseMod Landlord	ü	LseMod Sale Leaseback		SpacePro
ü	LseMod Buy
ü	LseMod Sublease
ü	LseMod Retail
ü	LseMod Economic Development