What is the lease commencement date?
Regarding this, what does lease commencement date mean?
First, lets start with some definitions: Commencement Date. The date upon which the landlord and the tenant's rights and obligations under the lease begin. A Rent Commencement Date is very often contingent upon the completion of improvements performed by the landlord and/or the ending of a lease abatement period.
Furthermore, what is the lease effective date? Definition of Effective Date of the Lease Share. View. Effective Date of the Lease means the date the lease comes into effect, which is June 1, 2011.
Also asked, what is the commencement date?
commencement date. Contracted date when activities begin. When actions begin pertaining to a contract. A contractor must begin work on a project on the commencement date.
What is the difference between effective date and commencement date?
An Act's commencement date is the date on which it is enacted. An Act's effective date can sometimes be different to the commencement date as it may stipulate that the Act comes into effect on a particular date. It may have a delayed start.