Rent Concession Calculator

Formula

The formula to calculate the Rent Concession (RC) is:

\[ RC = AR - NER \]

Where:

$ RC $ is the rent concession.
$ AR $ is the base annual rate.
$ NER $ is the net effective rent.

What is Rent Concession?

A rent concession is the difference between the base annual rent and the net effective rent. It represents the amount of discount or incentive given by the landlord to the tenant.

Example Calculation

Consider an example where:

Base Annual Rate (AR): $50,000
Net Effective Rent (NER): $45,000

Using the formula to calculate the Rent Concession:

\[ RC = 50,000 - 45,000 = 5,000 \]

This means that the rent concession for this example is $5,000.