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While the start date, move-in date, rent commencement date or commencement date may signify the date when various aspects of the agreement come into effect, the Lease Commencement Date is the date when possession or control of the leased asset is transferred from the lessor to the lessee.

With a lease commencement letter, you are informing the tenant of the lease's official start date. Additionally, this letter is important for your own records. It is a concise document explaining exactly when each party's official rights and obligations begin.

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

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.

The commencement date of a lease is the date that marks the beginning of the period of time during which a lessee is entitled to exercise the right to use a leased asset. This is the date on which lease accounting begins.

Definition: For the purpose of this article the Anniversary Date refers to the day within the rent cycle (weekly, fortnightly or monthly) on which the rent is / has fallen due.

Ing to the rules laid out in ASC 842, the lease commencement date for accounting purposes is the date the control of an underlying asset is passed from lessor to lessee.

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.