Most commercial lease terms are going to be 3-5 years long starting on the first of the month and expiring 3-5 years later at the end of the month-prior to the lease start date.
- In a 3 year lease that commenced on 2/1/2020 the lease would end on 1/31/2023.
- In a 5 year lease that started on 3/1/2020 the lease would expire on 2/28/2025.
For our online calculator to accurately calculate months between dates the user must enter the first day of the month rather than the end of the prior month. So in the 3 year example above rather than enter 1/31/2023 you would enter 2/1/2023. In the 5 year example rather than enter 2/28/2025 you would enter 3/1/2025