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True or False. Concessions are used by landlords to entice tenants to sign the leases. However, TI is a cash expense that the landlord incurs

True or False. Concessions are used by landlords to entice tenants to sign the leases. However, TI is a cash expense that the landlord incurs before receiving any rental income. Therefore, Landlords often require Letters of Credit from the tenant to make sure the tenant has enough cash to cover free rent and their portion of TIs

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