While it is impossible to know when or how extreme a recession can be, there are steps that wise business owners can take now in order to prepare their enterprise for leaner times ahead.
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Rent-free periods are durations during a lease when tenants are not required to pay rent. Landlords offer these periods as incentives to attract tenants or to compensate for tenant improvements or delays. Rent-free periods typically occur at the start of a lease and are factored into the overall rental agreement.