lease term
Contract time span
Lease term is the duration of a lease agreement—the period during which a tenant has the right to occupy property or use equipment in exchange for payment.
A residential lease term might be twelve months; commercial leases often run longer: The lease term expires in June.
At the end of the term, the lease may renew, convert to month-to-month, or terminate.
- expirationEnd of validity
- early terminationEnding before intended completion
- terminationAct of ending something
- renewalMaking current again
- extensionAdded part or duration
period · commencement · move-in date · agreement · real estate · break · sublease · contract · premises · holdover · covenant · security deposit · first and last · clause · tenant · landlord · monthly · assignment
- rentingtenant, landlord, rent, rental, renter
- time periodsday, year, month, week, hour
- contract termscontract terms, agreement, terms, conditions, condition
- lease negotiationoffer, counteroffer, terms, rent, deposit
- lease termsrental agreement, rental contract, rent payment, tenancy agreement, sublease
- leaseslessee, lessor, sublease, subletting, rental agreement
OWNERSHIP vs. RENTAL
lease termownership
Legal right of possession
freehold · property ownership · title deed · homeownership · permanent residence