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Count Number of Months Between Two Dates For example: In a 3 year lease that commenced on 2/1/2020 the lease would end on 1/31/2023. In a 5 year lease that started on 3/1/2020 the lease would expire on 2/28/2025.

Lease Signing Date means the date on which the Lease is executed.

What is the commencement date of the lease? As per ASC 842, that date is when the lessor makes the asset available to the lessee. In this example, that date is January 1.

Initial Term of the Lease means the period beginning on the commencement date of the Lease and ending on the date on which the initial term of the Lease expires, exclusive of any renewal or extension term.

It is often the same as the lease commencement date, but it can sometimes be earlier or later, depending on the terms of the lease agreement. Effective Date: The date on which the lease agreement is signed by both parties and becomes legally binding. It may or may not be the same as the lease commencement date.

Most commercial lease terms are going to be 3-5 years long starting on the first of the month and expiring 3-5 years later at the end of the month-prior to the lease start date. For example: In a 3 year lease that commenced on 2/1/2020 the lease would end on 1/31/2023.

Count Number of Months Between Two Dates For example: In a 3 year lease that commenced on 2/1/2020 the lease would end on 1/31/2023. In a 5 year lease that started on 3/1/2020 the lease would expire on 2/28/2025.

Lease Signing Date means the date on which the Lease is executed.

What is the commencement date of the lease? As per ASC 842, that date is when the lessor makes the asset available to the lessee. In this example, that date is January 1.

Initial Term of the Lease means the period beginning on the commencement date of the Lease and ending on the date on which the initial term of the Lease expires, exclusive of any renewal or extension term.

It is often the same as the lease commencement date, but it can sometimes be earlier or later, depending on the terms of the lease agreement. Effective Date: The date on which the lease agreement is signed by both parties and becomes legally binding. It may or may not be the same as the lease commencement date.

Most commercial lease terms are going to be 3-5 years long starting on the first of the month and expiring 3-5 years later at the end of the month-prior to the lease start date. For example: In a 3 year lease that commenced on 2/1/2020 the lease would end on 1/31/2023.