lease commencement date

Definition

The date at which the terms of the lease are implemented.

Use this term in a sentence

I wanted to know the lease commencement date was coming up and I thought the terms being implemented were good ones.

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Jenny signed the papers and was told that the lease commencement date would be the first of the month, at which time she could move in.

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If you want to make sure that you can do business with the other party again then you need to be prepared on the lease commencement date.

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