Lease term

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Lease term

The life of a lease, including any renewal options.

Lease Term

The interval between the time a lease goes into effect and its expiration. This applies to both open-end leases and close-end leases. For example, one may rent an apartment (usually open-end) with a 12 month lease term, or one may lease a car (generally close-end) with a five year lease term. The lease term may or may not be renewed, depending on the type of lease and the agreement between the parties.
References in periodicals archive ?
On the effective date of the proposed standard, operating leases must be recorded and reported as capital leases based on minimum lease payments over their remaining lease terms.
New lease terms negotiated in 09 saves approx $2k per month and figured in 09 numbers below.
The lease terms of the properties to be acquired by W.
Landlords are becoming more occupier friendly and are showing an increasing willingness to make lease terms more flexible, according to a survey carried out by the CBI and property advisers GVA Grimley.
Lease terms vary in several ways, including length (although they're generally three years), upgrading to newer products, canceling, and the option to purchase.
The new lease terms also require tenants who have lived in units for years to provide personal and financial information including copies of their Social Security numbers, pet licenses, car registrations, auto insurance, bank account numbers and driver's license numbers.
It includes information on adapting clauses to specific situations and negotiating favorable lease terms, techniques and strategies on structuring lease deals, and data on the latest court rulings affecting lease agreements.
In an effort to attract tenants to available commercial space, landlords often provide extraordinary benefits or favorable lease terms.
The new special zero-down payment lease terms for the Diamante ES and LS apply in all U.
Generally, if a lease comes under section 467, the lessor and the lessee must account for the rental income and deductions in accordance with the lease terms.
As part of its advertising package, KPM can offer renters the option to earn a lender credit just for fulfilling their lease terms for a year.
His ability to easily compare lease terms of similar surrounding properties enabled smooth negotiations.