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Rent Concession Formula

RC = AR - NER

Variables:

  • RC is the Rent Concession ($)
  • AR is the base annual rate ($)
  • NER is the net effective rent ($)

To calculate Rent Concessions, subtract the net effective rent from the base annual rent.

How to Calculate Rent Concession?

The following steps outline how to calculate the Rent Concession.

  1. First, determine the base annual rate ($). 
  2. Next, determine the net effective rent ($). 
  3. Next, gather the formula from above = RC = AR – NER.
  4. Finally, calculate the Rent Concession.
  5. After inserting the variables and calculating the result, check your answer with the calculator above.

Example Problem : 

Use the following variables as an example problem to test your knowledge.

base annual rate ($) = 24,000

net effective rent ($) = 20,000