When does Free Rent typically begin according to default settings?

Free Rent typically begins on the tenant's lease start date according to the default settings. This aligns with common leasing practices where the rental obligation starts only after a specified period during which no rent is charged, often referred to as a rent concession. This period allows tenants to occupy the space without financial obligation, usually as an incentive provided by landlords.

Choosing the tenant’s lease start date as the starting point for Free Rent makes sense from an operational perspective, as it reflects the point at which the tenant officially takes possession of the property under the lease agreement. Other options, such as the analysis date or lease available date, do not accurately correspond to the moment when the tenant begins their responsibility for rent, thus they do not align with the established conventions of lease agreements.