The phrase represents a focused seek for rental properties providing a hire concession equal to 2 months with out fee, particularly positioned within the consumer’s neighborhood. This signifies a tenant incentive the place the marketed rental fee is successfully diminished as a result of rent-free interval. For example, a property itemizing would possibly state “12-month lease with 2 months free,” which means the tenant solely pays for 10 months of occupancy throughout the year-long settlement.
The attraction of such promotions lies within the rapid monetary profit for renters. It permits for decreased upfront prices, which will be particularly enticing in aggressive housing markets or in periods of financial uncertainty. Traditionally, landlords have employed numerous hire concession methods to keep up occupancy charges throughout seasonal downturns or when confronted with elevated competitors from new developments. These incentives can successfully decrease emptiness charges and appeal to potential tenants.
