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Frequently Asked Questions:

What is a trial period in a lease?

A trial period in a lease is an initial short term of, say 1-2 years during which the parties decide whether to continue. The lease may allow either party to terminate without penalty during the trial period. A lease with a trial period should also specify what happens at the end of the trial to extend the term, or make a new lease. The end of a trial period is also a good time to modify any provisions of the lease.

Posted in: Lease Agreements, Term, Renewal and Extension