Home-based businesses are quickly becoming the fastest growing form of business start-ups in America. In fact, over half of the 600,000 new businesses founded each year are grown out of someone's home office of basement.
An abatement period is a period in a lease agreement during which rent is reduced or temporarily waived. It is often used to help tenants during initial occupancy or when a property is undergoing repairs or improvements. The terms of the abatement period are specified in the lease.