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Frequently Asked Questions:

What is the difference between a short-term and a long-term lease?

Short-term typically describes a term of 1-2 years, sometimes up to 5 years. A long-term lease can be 10, 20, or 50 years, for example. Leases can be for up to 99 years; there are examples of leases for longer than that. Some states limit the term of an agricultural lease by statute. Typically, longer-term leases are more complex.

Posted in: Lease Agreements, Term, Renewal and Extension, Leasing (general)