A lease that has a specified termination date?

A lease with a specified termination date is a rental agreement that clearly outlines the start and end dates of the lease term. This type of lease provides both the tenant and the landlord with certainty regarding the duration of the tenancy. Upon reaching the termination date, the lease automatically concludes unless both parties agree to renew or extend the agreement. Such leases are common in residential and commercial real estate, ensuring clarity and planning for both parties involved.