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What is a concession? It is a kind of partnership between the public sector and a (usually) private company that has shown its added value in a specific area, for example developing infrastructure.
In general, concession period is the span of time granted by the government to the private sector within which the private sector is responsible for the financing, construction and operation of a BOT project.
So what exactly does a rent concession mean? Simply put, a concession is any \u201creduction in price, rent or other benefit provided to a tenant or buyer as an inducement to buy or lease1.\u201d While there are many ways to get creative with rent concessions, two types are most common in the apartment industry.
The loss to lease calculation is simply the market rent of a unit minus the actual rent. For example, if the market rent for a given unit is $1,000 per month and the actual rent is $900 per month, the loss to lease is $100 per month.
The loss to lease can indicate various factors, such as the submarket rents that have risen, creating an opportunity to raise rents. A high loss to lease can also indicate poor property management or a lack of exterior, interior upgrades, or amenities at the property compared to properties in the immediate submarket!
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Concessions are usually some form of rebate that a property owner offers to try to persuade a tenant to move into the residence. They can be monetary compensation, some type of a discount, or a physical good or service.
Concession payment means a payment from a private entity to the State in connection with the development or operation, or both, of a qualifying transportation facility pursuant to a concession.
Concession recovery fee is essentially the rental car company charging you to recoup the amount the airport charges it to offer services there. On one recent rental, purportedly for $263, it was more than 11 percent of the rental cost, about $33.
Loss to Lease Defined When market rent is higher than actual in place rent, then there is a loss to lease. When market rent is lower than actual in-place rent, then this is sometimes called a gain to lease. The \u201closs\u201d isn't realized in the sense that the property owner is required to pay the difference.
Loss to Lease is the difference between the Most Recent Actual Rent and the After-repaired Market Rent, presented as a percentage. Essentially, the market prices the units as they are, and Loss to Lease is the difference between that and what we think the units are worth after being upgraded (repaired or renovated).

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