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What Is a Termination Date? The term termination date refers to the day on which a financial contract ends. This date is the natural ending of any contractsuch as a swap, rental lease, or loan agreementindicating that final payment is made and no further exchanges will occur.
Here is an example of a rent amount clause in a lease: The Tenant agrees to pay $12,000 as rent, to be paid as follows: $1,000 per month, due on the 1st day of each month. Payment of the first months rent and any security deposit is due upon the signing of this Lease by the Tenant.
To determine the lease term, a company first determines the length of the non- cancellable period of a lease and the period for which the contract is enforceable. It can then determine between those two limits the length of the lease term.
Lease Termination Date means the last day of the Lease Term, whether occurring by reason of expiration of the Lease Term or upon earlier termination of the Lease pursuant to the terms thereof.
Count Number of Months Between Two Dates For example: In a 3 year lease that commenced on 2/1/2020 the lease would end on 1/31/2023. In a 5 year lease that started on 3/1/2020 the lease would expire on 2/28/2025.

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For example, the original tenant might have put holes in the wall to make a new passageway or undertaken other major work on the property. At the end of the lease, the new tenant must fix those issues and return the property to the condition that it was in at the start of the lease.
In a tenancy-for-years, the agreement is for a fixed period of time. It has a specified beginning and termination date, at which point the tenant is expected to vacate the premises. As the leases end date is already set, there is generally no need for a notice to vacate.
Lease End Date means the last day of the Lease Period as stipulated in the Lease Agreement or the Lease Termination Date whichever comes first.

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