A rental concession is an adjustment a landlord makes to lease terms.
The adjustments are beneficial to tenants and may take various forms, depending on what a landlord is willing to offer.
Rental concessions will make a rental property seem more attractive to prospective tenants. A landlord may have a hard time finding a tenant or they may want to fill a vacancy quickly, so they'll advertise better terms or negotiate the rental contract to entice a tenant to sign the lease.
There isn't one single kind of rental concession and a landlord may make concessions at their discretion. They may choose to reduce rent, offer free amenities, spruce up the decor or whatever else they see fit.
As a prospective tenant, you can always propose concessions to the landlord and negotiate based on your wants and what the landlord deems acceptable. The worst thing a potential landlord could do is say "no," so don't be afraid to ask — just don't ask for too much.
Morgen Henderson is a writer who grew up in Utah. She lived in the Dominican Republic for a year and a half, where she was involved in humanitarian service. Some of Morgen's work has appeared in State of Digital, The Next Scoop and TechPatio. In her free time, she loves to travel, bake, master DIY projects and improve her Spanish skills.