lease term

A lease term is the length of time that a tenant agrees to rent a property from a landlord. It defines how long the tenant has the right to occupy the space under the lease agreement. Lease terms can vary, commonly ranging from months to several years. Once the lease ends, the tenant may need to vacate unless a new agreement is reached. The lease term establishes the timeframe for rent payments, responsibilities, and rights for both parties during the rental period.