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The commencement date is the date that a lease begins. In other words, the lease is commencing on this specific date. This is the day that the tenant takes possession of the rented property. Typically, a tenant's move-in date coincides with the commencement date.

This is the date when the rights and obligations of each party according to the lease begin. It is not necessarily the same thing as the Lease Effective Date or the Lease Start Date (more on this below).

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.

§ 585.237 What is the effective date of a lease? (a) A lease issued under this part must be dated and becomes effective as of the first day of the month following the date a lease is signed by the lessor.

Fundamentals of Lease Payments Residual Value = (MSRP) x (Residual Percentage) Monthly Rent Charge = (Adjusted Capitalized Cost + Residual Value) x (Money Factor) Total Monthly Lease Payment = Monthly Depreciation + Finance Charge + Tax.Residual Value.MSRP.Depreciation.Adjusted Capitalized Cost.Term.

If you want to define commencement date, it is a specific date when something is set to take place, such as a commercial construction project.

The inception of the lease is the earlier of the date of the lease agreement and the date of commitment by the parties to the principal provisions of the lease. the commencement of the lease term is the date from which the lessee is entitled to exercise its right to use the leased asset.