Definition, Meaning & Synonyms

lease-term

noun

/liːs tɜːrm/

Definition

The duration of time for which a lease agreement is valid.

Examples

“The lease-term for this apartment is one year, starting from July 1st.”
“Before signing, make sure you understand the lease-term and any renewal options.”

Meaning

Lease-term refers to the specified period during which a tenant is allowed to occupy a property under the terms of a lease agreement. It outlines both the start and end dates of the tenancy.