Lease of Property Term Sample Clauses
The 'Lease of Property; Term' clause defines the agreement by which a landlord grants a tenant the right to occupy and use a specific property for a set period. It typically specifies the address or description of the leased premises and clearly states the start and end dates of the lease term, which may be for a fixed duration or renewable under certain conditions. This clause ensures both parties understand the exact property involved and the timeframe of the lease, thereby preventing disputes over occupancy rights and duration.
Lease of Property Term