Ibiza Estate Agency

Bars Restaurants Shops Cafes Clubs Commercial Properties

LiveIbiza Commercial Property Services

Incentive

An incentive is a payment or concession that often arises when a lease is first granted or subsequently assigned during the course of its term.

A common example might be where a proprietor pays a new tenant a sum of money to take on a new leasehold contract.

This sum may be in the form of a capital contribution towards the tenants initial fit out costs. Or it might be in the form of rent free period or stepped rent until the first rent review date.