lease duration

Lease duration is the length of time a tenant agrees to rent a property from the landlord. It’s specified in the lease agreement and can range from a few months to several years. The lease duration defines how long the tenant has the right to occupy the property and the landlord's obligation to keep it available. Once the period ends, the lease may be renewed, extended, or terminated, depending on the agreement terms. Understanding the lease duration helps both parties plan their commitments and allows for clarity on the rental period.