Set the Lease Term
You set a lease's term on its Term page: the Lease Commencement and Lease Expiration dates, plus an optional holdover provision that lets the lease continue after expiration. The term drives the lease's critical dates and, by default, the end date the accounting measures to.
The Term page is a contract editing page, so it needs an editable draft: edit an unpublished lease directly, or open a published lease for a correction or amendment first (see Correct or Amend a Lease). The page cannot be opened while AI is still reading a lease document into the draft, and the form is disabled while you hold no editing session and the concurrent editor sessions are full. Saving a draft has no effect on critical dates, payments, or accounting until the lease is published (see Create a Lease).
Set commencement and expiration
Lease Commencement is required, but it can be recorded as unknown when the lease has not commenced yet. Lease Expiration can be an exact date or a relative date measured from another term date.
Open the lease and choose Term on the lease record.
Enter the Lease Commencement date.
If commencement is not known yet, use Set as Currently Unknown on the Lease Commencement field. In the Why is this date unknown? dialog, choose a reason: Landlord Work Not Complete, Tenant Improvements Not Complete, Permits / Government Approvals Pending, Prior Tenant Has Not Vacated, Conditions Precedent Not Satisfied, Force Majeure / Unexpected Delays, Missing Documentation, or Other. Choosing Other requires an Other Reason, and the dialog offers an optional Expected Date (Optional).
Enter the Lease Expiration. Enter an exact date, or set it relative to another date: choose Relative to which date? — Lease Commencement or Rent Commencement — and enter the offset in days, weeks, months, quarters, or years.
The commencement date cannot be changed in an amendment draft. Use a correction instead.
Set up holdover
Set up holdover when the lease can continue past its expiration instead of ending. The holdover wording on the Term page depends on the lease's jurisdiction, so the exact labels can differ between leases.
In Can the lease continue after its expiration?, choose Continues Period by Period. Choosing Ends at Expiration leaves the lease without holdover.
If your lease's jurisdiction provides holdover defaults and the Holdover Period is empty, the page offers them; accept or adjust them.
Set the Holdover Period in months, quarters, or years.
Set the Notice Period in days, weeks, months, quarters, or years: how long before a period ends notice must be given. Choose Notice Given By: Lessee, Lessor, or Either Party.
Choose Each Period Ends: From the Term End or On the Calendar.
Under Billing During Holdover, add a rule for each obligation that bills differently during holdover. Choose the Obligation and what it Bills: Continue, Percent of Last Rate (enter the percent), Fixed Amount (enter the monthly amount), or Stop. Obligations without a rule keep billing as they did, escalations included.
Add Notes for anything else the holdover provision says.
Once holdover is set up, the question is locked and a Change control replaces it. Confirming Change clears the existing holdover information, so have the new terms ready before you use it.
What the term drives
The commencement and expiration dates feed the lease's critical dates, including Commencement and Lease Expiration; holdover also produces term-anniversary and holdover-notice dates. See Track critical dates and payments for where those dates surface.
Renewal options that extend the term are configured separately on the lease's Options page; see Set Up Lease Options.
The accounting end date is distinct from the contractual expiration: it can come from an accounting end-date override or a judgment or scenario, with the term's accounting expiration as the fallback. See How lease accounting works for how the term flows into measurement.