Leases can run for months or years. Some states prohibit very long leases in excess of 100 years, but it's OK in others. Generally the term is stated with a beginning date and an ending date and the total period. Example: The lease will run from January 1, 2006 through December 31, 2007, a period of two years.
Elements of Real Estate Lease Agreements
By James Kimmons, About.com
Generally, leases specifically state a beginning and an ending date for the lease to be effective. This period, when set both front and back end, would mean that no notice to vacate would be needed. The tenant would vacate on the prescribed ending date unless a new agreement is reached.
Prev
- Possession of the Property
- How the Tenant Can Use the Property
- What is the Term of the Lease?
- The Security Deposit
- Improvements to the Leased Property
- Maintenance of the Leased Property
- Assignment or Sublease of the Leased Property
- Options for the Tenant in the Real Estate Lease
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