Leasetime
Leasetime is a term used in leasing to indicate the duration associated with a lease agreement. It can refer to two related concepts: the term length of the lease (the entire period from start to end) and the remaining period of an active lease (the time left before expiration). The precise meaning is defined in the lease contract.
In practice, Leasetime is typically measured in months or years. In real estate, equipment leasing, and automotive
Financial aspects of Leasetime include its effect on scheduled payments, depreciation, residual value calculations, and potential
Tracking and management of Leasetime are commonly handled by lease management systems, which record it as a
Examples help illustrate the concept. A 5-year lease with annual payments has a Leasetime of 5 years.
See also: lease term, lease renewal, lease expiration, lease management.