Use Lease term in a sentence

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1. A Lease term is a duration of time set out in the lease that designates the minimum amount of time you're expected to remain in the same rental unit. Lease terms can be renewed after the full term is complete, however, there's usually a penalty for terminating a lease before the completion of the full term

Lease

2. How long is the average Lease term?

Long, Lease

3. Lease term Definition 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

Lease, Lessee, Lessor

4. The Lease term is the non-cancellable period of the lease, together with: – – optional renewable periods if the lessee is reasonably certain to extend; and periods after an optional termination date if the lessee is reasonably certain not to terminate early.

Lease, Lessee

5. Lease term The interval between the time a lease goes into effect and its expiration

Lease

6. For example, one may rent an apartment (usually open-end) with a 12 month Lease term, or one may lease a car (generally close-end) with a five year Lease term.

Lease

7. The term of this Lease (theLease term”) shall be as set forth in Section 3.1 of the Summary, shall commence on the date set forth in Section 3.2 of the Summary (the “Lease Commencement Date”), and shall terminate on the date set forth in Section 3.3 of the Summary (the “Lease Expiration Date”) unless this Lease is sooner terminated as hereinafter provided.

Lease

8. Although determining the Lease term is nothing new, it takes on a new significance under IFRS 16 Leases

Lease, Leases

9. Lease term is the length in months of your lease contract

Lease, Length

10. The Lease term is simply the agreed-upon number of months that you will continue making monthly payments to lease the car

Lease

11. The most common Lease term is for 24 or 36 months

Lease

12. There are also 48 and even 60-month Lease terms, but they are not quite as common.

Lease

13. 'Lease term' is defined as the non-cancellable period for which a lessee has the right to use an underlying asset (including any periods covered by a lessor’s termination option), plus: periods covered by a lessee’s extension option if extension is reasonably certain

Lease, Lessee, Lessor

14. Under IFRS 16, Lease term equals the non-cancelable period for which the lessee has a right to use the underlying asset together with periods covered by an extension option which the lessee is reasonably certain to exercise and a termination option which the lessee is …

Lease, Lessee

15. Lease term is the noncancelable period in which the lessee has the right to use an underlying asset together with optional periods for which it is reasonably certain that the lessee will exercise the renewal option or not exercise the termination option or in which the exercise of those options is controlled by the lessor.

Lease, Lessee, Lessor

16. A fixed Lease term is when a tenant agrees to rent your property until a specific date

Lease

17.Lease term’ is defined as the non-cancellable period for which a lessee has the right to use an underlying asset (including any periods covered by a lessor’s termination option), plus: • periods covered by a lessee’s extension option if extension is reasonably certain, and

Lease, Lessee, Lessor

18. The Lease term is one of the key inputs that can impact the classification and measurement of a lease

Lease

19. Identifying the Lease term may not always be as simple as it seems, and getting this wrong could have a significant impact on a company's accounting under the new leases guidance.

Lease, Leases

20. Initial Lease term means the period of time specified in the Summary commencing at noon on the Commencement Date specified in the Summary and expiring at noon on the Expiration Date described in the Summary (the Initial Lease term together with any extensions thereof is herein referred to as the “Lease term”)

Lease

21. Lease term comprises the following (IFRS 16.18): non-cancellable period of a lease, periods covered by an option to extend the lease – if the lessee (customer) is reasonably certain to exercise that option; and periods covered by an option to terminate the lease – if the lessee (customer) is reasonably certain not to exercise that option.

Lease, Lessee

22. Inception/lease inception: The beginning of a Lease term

Lease

23. Well, IFRS 16 says that the Lease term is non-cancellable period of the lease

Lease

24. Despite this fact, the most common Lease term entered into by GSA is a 10 year lease with termination rights any time after the fifth year (10/5 firm Lease term)

Lease

25. Paragraph 18 of IFRS 16 requires an entity to determine the Lease term as the non-cancellable period of a lease, together with both (a) periods covered by an option to extend the lease if the lessee is reasonably certain to exercise that option; and (b) periods covered by an option to terminate the lease if the lessee is reasonably

Lease, Lessee

26. Extending the Lease term is a modification as defined because the extension was not contemplated in the original terms of the lease

Lease

27. Deciding on how long your commercial real estate Lease term length should be is a delicate balancing act

Long, Lease, Length

28. The IFRS Interpretations Committee discussed the determination of the Lease term for cancelable or renewable leases and the useful life of non-removable leasehold improvements Entities may enter into cancelable or renewable leases that do not specify a particular term, but which continue indefinitely until one party gives notice to terminate.

Lease, Leases, Life, Leasehold

29. The Lease term is one of the key inputs that can impact the classification and measurement of a lease

Lease

30. Identifying the Lease term may not always be as simple as it seems, and getting this wrong could have a significant impact on a company's accounting.

Lease

31. Of the many decisions involved in finding new office space – from the search itself, to lease negotiations, to a smooth transition between old and new spaces – choosing the most appropriate Lease term length is amongst the most important but can often be overlooked.

Lease, Length

32. Lease term –example (cont.) • Contract provides the government control of the right-to-use a bus for 3 years

Lease

33. –After three years, there is an option to extend for 2 years –After two years, the government can terminate the lease Lease term - Example Noncancelable period Years 1 –2 + Period covered by option to terminate

Lease

34. A Commercial Lease term Sheet (or Letter of Intent) is commonly used when negotiating a commercial lease

Lease, Letter

35. The Lease term is 120 months and requires monthly rent of $15,000

Lease

36. The Lease term was five years, with a five-year option

Lease

37. For purposes of section 168, a Lease term is determined under all the facts and circumstances

Lease

38. Paragraph (b) of this section and § 1.168(j)-1T, Q&A 17, describe certain circumstances that will result in a period of time not included in the stated duration of an original lease (additional period) nevertheless being included in the Lease term.

Lease

39. Lease term: A period of months during which you have use of the vehicle and will pay an agreed-upon monthly payment

Lease

40. Lease terms of 24 or 36 months are most common, but 12-month leases or 60-month contracts can be obtained

Lease, Leases

41. Note, that if the contract has a defined end date with no option to extend or terminate early, then the period up to the end date of the contract is the Lease term

Lease

42. To determine the Lease term, an entity determines the non-cancellable period and the enforceable period.

Lease

43. The Lease term lines lie in the Outer Continental Shelf (OCS) in the Gulf of Mexico and represent current 5, 7, and 10 year Lease term areas for the Gulf of Mexico

Lease, Lines, Lie

44. The BOEM uses Lease terms based on water depths that incentivize industry to diligently and promptly operate their leases.

Lease, Leases

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Dictionary

LEASE TERM [lēs]

NOUN
lease (noun) · leases (plural noun)

VERB
lease (verb) · leases (third person present) · leased (past tense) · leased (past participle) · leasing (present participle)

Frequently Asked Questions

What is a year-to-year lease?

A year-to-year lease is one that is renewed automatically every year. A person living in the rental house or unit - called a 'tenant' - will have an anniversary date. This anniversary date is the date that they first signed the lease for the rental unit.

What is a long term lease agreement?

Fundamentally, a long term lease is a contract between the lessor and the lessee that entitles the lessee to a limited real right over the property in question for an agreed period of time ranging from 10 years to 99 years.

What are the terms of leasing a car?

Lease terms differ by bank, but most offer terms from 24 to 60 months. Choosing a term up to 39 months is ideal, as you'll be driving the vehicle under its manufacturer warranty. Terms longer than 39 months usually result in a monthly payment similar to financing.

What is a simple rental agreement?

Simple Rental Agreement form is a contract entered between a tenant and landlord for renting out premises for a particular period.