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Real Property for Indiana Paralegals
Section 10 . 1 . 5

Lease Term

Jonathan Watson

While some leases may simply run month-to-month or year-to-year by the behavior of the parties, most leases designate a specific beginning and ending date, sometimes with options to renew upon the same or similar terms. It is important to remember when looking at or drafting these terms that a “one year” lease runs from one day to the day before that day the next year. So, one-year lease beginning on January 1, 2015 ends on December 31, 2015, as the lease includes the day of the start of the term.

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