Lease Term
The length of time a lease stays in force.
Definition
Lease Term is The length of time a lease stays in force. In day-to-day operations, it matters when dates, notice windows, or contract length determine when billing, move-out prep, and renewal tasks should fire.
Operationally, it matters because one wrong date can create bad proration, missed notices, or a unit that is not ready on time. Good date control keeps leasing, accounting, and operations working from the same calendar.
Use cases
Use Lease Term to build lease calendars that trigger billing, notice, and handover tasks on time.
Review Lease Term when the team needs to reconcile proration questions or conflicting move-out deadlines.
Track Lease Term so operations can keep leasing, accounting, and site operations aligned on the same timeline.