In leasing, what does "abatement" typically refer to?

Abatement in the context of leasing refers specifically to a reduction in lease payments that a tenant may receive as a remedy for certain issues, such as failures in the property’s upkeep or inability to use the leased premises fully. This can arise if there are significant issues with the property, such as maintenance problems, safety hazards, or a lack of services that were promised in the lease agreement.

Typically, the concept of abatement ensures that tenants are not liable for full rent when they cannot use the space as intended or if the landlord breaches certain obligations. This reduction in payments can be a temporary measure, allowing the tenant to compensate for the inability to enjoy the premises as agreed upon in the lease.

The other options highlight situations that do not align with the definition of abatement. A cancellation of the lease agreement suggests a complete termination of the contract, while a penalty for late payments encompasses additional charges rather than a reduction of dues. Termination of the lease due to damages refers to a scenario where the lease is ended entirely, which also differs from the specific concept of abatement primarily focusing on a financial adjustment.