Lease term

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 ?
Trulieve is expected to complete tenant improvements for the building, for which IIP has agreed to provide reimbursement of up to $40.0M, which funding is subject to reduction at Trulieve's option within the first six months of the lease term. The purchase price for the Massachusetts property was $3.5M.
For agricultural purposes, he said land was auctioned through a competitive bidding by fixing 'ousat bay' rate as reserve price for a three-year lease term for cultivable land and extendable for another three years for barren land.
For agricultural purposes, he said that through competitive bidding by fixing 'ousat bay' rate as reserve price for open auction for a lease term of three years for cultivable land and extendable for another three years for barren land.
He said that for premium shops through competitive bidding by fixing the reserve price of premium and monthly rent on the basis of market rate of the locality for a lease term of ten years.
In the future, this distinction will be replaced by a new distinction between long-term leases (greater than 12 months) and short-term leases (12 months or less, including any options to extend the lease term).
1 The lease transfers ownership of the property to the lessee by the end of the lease term.
Leasehold improvements placed in service (or contemplated) at or near the beginning of the lease term are generally amortized on a straight-line basis over the shorter of the estimated useful life of the assets or the lease term.
SNH will receive approximately $9.3 million per year in rent during the initial lease term.
Once they're truly useless (which may be many years after the lease term would have ended), you might have to pay to get rid of them.
The initial lease payments under the initial S term equaled the loan's debt service; thus, the ruling did not mention any free cash-flow to X during the base lease term.
* If the transaction allows for a renewal at the end of the original lease term, the renewal rate must be set at a fair rental value.
First, a lease is not a section 467 rental agreement if it specifies equal amounts of rent for each month throughout the lease term and all rent payments are due in the calendar year to which the rent relates (or the preceding or succeeding calendar year).