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Lease abatement

In New York Cityu2019s competitive real estate market, tenants and landlords alike may face unexpected challenges from building repairs to loss of essential services. When these issues significantly interfere with a tenantu2019s ability to use and enjoy their space, lease abatement can serve as a critical legal remedy. Lease abatement refers to the partial or full reduction of rent due to circumstances that make the property uninhabitable or diminish its value. For example, if heating, water, or electricity is disrupted for an extended period, a tenant may be entitled to a rent reduction.

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Lease abatement

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