IIRC, sometimes rent thresholds are baked into financing documents. It's pretty unpalatable for a landlord to drop rent rates & then end up with a capital call

IIRC, sometimes rent thresholds are baked into financing documents. It's pretty unpalatable for a landlord to drop rent rates & then end up with a capital call from their lender -- especially while facing eviction moratoriums. So instead, they offer 1-time incentives (e.g. 3-mo free) instead. These things are never as simple as they seem...