lease term

Definition of "lease term"
  1. The duration specified in a lease agreement
How to use "lease term" in a sentence
  1. The lease term for the apartment is two years.
  2. The commercial space was rented for a lease term of five years.
  3. Negotiating the lease term can sometimes be contentious as both parties try to get the most favorable conditions.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z