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 ?
Alpharetta Wood Fired Pizzeria, Restaurant & Bar.$1,000,000 stunning build out and modern design with two state of the kitchens and gorgeous wood fired oven imported from Italy.Incredible high profile middle to high income location.Turnkey & Profitable.Keep or Convert to almost any concept.3,000/sf.Seating for 60.Bar seats 20.Outdoor patio seats 60.Rent is $6,432.60 per month.Long term lease has several years left on primary term of lease with several five year options to renew.2017 Gross sales are $80,000 per month on five days.Sales are up from previous year.Full staff in place for flawless transition.
added 6,500 square feet to its offices and extended the term of lease for its existing space.
1,244/sf.Monthly rent at $3,100 including all extras.4-years remain on primary term of lease with 5-year option to renew.Opened in December 2015.Books, records, lease, asset list and any other documents needed will be provided during due diligence.This cupcake shop is in mint condition and fully turn-key.