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The day the lease begins is the day the first rent is due and a tenant picks up keys granting the new tenant legal possession of the apartment, and all the responsibilities that go with the lease contract. To the landlord the tenant has moved in. The tenant can move in that day or anytime after that.

Lease Date means the later date upon which this Lease is signed by Landlord and Tenant.Lease Date means the date on which the lessee first has the right to use of the property that is the subject of the rental agreement.

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.

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.

How is monthly rent calculated?Step 1: Weekly Rent ÷ 7 = Daily Rent amount.Step 2: Daily Rent x 365 = Yearly Rent amount.Step 3: Yearly Rent A· 12 = Monthly rent amount.

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 5 year lease that started on 3/1/2020 the lease would expire on 2/28/2025.

The Rent Commencement Date is the date the tenant begins to pay rent on the space or the date the tenant's free rent at the beginning of the lease term commences. Often times a lease will commence with the Lease Commencement Date for the purposes of the space being built out or finished so it can be occupied.