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Defined as the period of time in which a contracted lease is in place, lease term establishes the time period to both the lessee and lessor. Lease terms generally come on 3 forms: fixed, periodic, and indefinite.

Here are the top ten lease terms you should have when renting.A Complete List of Tenant's Names.The Amount of Rent Due and Due Date.A Clear Rental or Lease Term.Any Deposits and Late Fees.Right to Entry Terms.Maintenance and Repairs.Limits on Occupancy.Rules for Pets.More items...?May 12, 2020

Sometimes referred to as "net capitalized cost", it's the cap cost minus the cap reduction. This is the figure the leasing company will use to determine your monthly payments. This is the fee leasing companies charge to arrange the lease and is usually just a straight profit for them.

Heads of terms is a document that records the main terms of a lease agreement between a landlord and a tenant. The terms are usually prepared and negotiated by the landlord's agent.It is also common for the tenant to be liable for a landlord's insurance costs, business rates, service charges, utilities and VAT.