Lease Phases Clause Samples

The LEASE PHASES clause defines the distinct periods or stages within the term of a lease agreement, outlining how the lease progresses over time. Typically, this clause specifies phases such as a pre-lease or construction phase, a commencement or initial occupancy phase, and the main lease term, each with its own set of rights and obligations for the parties involved. By clearly delineating these phases, the clause ensures both landlord and tenant understand when certain responsibilities begin or end, thereby reducing confusion and helping to manage expectations throughout the lease lifecycle.