Many retail and commercial transactions for landlords generally provide an Incentive for Tenant’s to enter into a Lease.
What is an incentive?
Standard Lease Incentives can include Landlord’s contributing towards the cost of the Lease fit out works / improving the premises, rent free periods, rent reductions over the term of the Lease.
Most Incentive Deeds, being separate to the Lease agreement, will also include a Clawback Provision – which allows a Landlord to demand payment for the incentive amount (reduced rental payments) in the event of default by the tenant of a term of the Lease. [...]
