Categorize Date Lease For Free

The term "Inception to Date" generally means a cumulative total of all activity since the account was created (since the business began, for example). Referring to your earlier post, it's like "Beginning-of-time to Date".

Commencement Date. The date upon which the landlord and the tenant's rights and obligations under the lease begin. The Commencement Date can be synonymous with Lease Effective Date or the Lease Start Date but is not interchangeable as a rule.

A lease is classified as a finance lease by a lessee and as a sales-type lease by a lessor if ownership of the underlying asset transfers to the lessee by the end of the lease term. This criterion is also met if the lessee is required to pay a nominal fee for the legal transfer of ownership.

Related Definitions Lease Effective Date means the effective date of the Lease (or the date the term of the Lease begins) that is shown, or to be shown, on the Lease agreement between the Owner and a tenant. Adopted 1/10/08.

The date upon which the landlord and the tenant's rights and obligations under the lease begin. The Commencement Date can be synonymous with Lease Effective Date or the Lease Start Date but is not interchangeable as a rule.The date upon which the tenant's responsibility to pay the landlord for use of the space begins.

The choices for a lessee are that a lease can be designated as either a finance lease or an operating lease. A lessee should classify a lease as a finance lease when any of the following criteria are met: Ownership of the underlying asset is shifted to the lessee by the end of the lease term.

As nouns the difference between inception and commencement is that inception is the creation or beginning of something; the establishment while commencement is the first existence of anything; act or fact of commencing; rise; origin; beginning; start.