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The Enforceability Of Abatement Provisions, Shantel Castro
The Enforceability Of Abatement Provisions, Shantel Castro
Bankruptcy Research Library
(Excerpt)
The moment a lease is executed, a set of obligations and rights are created between the landlord and tenant. In exchange for the payment of rent, the landlord is required to provide a space suited for the intended purpose of the rental. In addition, both parties are obligated to abide by any specific terms in the lease. Among those terms may be an abatement provision. An abatement provision is a clause in the lease that releases a lessee from the obligation to pay rent when a particular event occurs. The specific triggering event is usually listed in the lease. …