CRE Definition Series: Lease Expiration Date

CRE Definition Series: Lease Expiration Date

Lease Expiration Date:Most leases have a start and an end date spelled out in a lease document. The last day of the lease should be clearly defined in the signed lease agreement. The tenant must be out of the space on the last day of the lease, or they may have to pay additional rent and hold-over fees. Sometimes these fees cost the tenant 200% of the rent for staying one day longer than they should.

 

 


logo

/ Finding Office Space / Tags: