Calculate Months Between Two Dates For Commercial Lease Terms
We created this calculator to give tenants an easy way to count how many months are remaining on their commercial leases. The only other way to do it is to calculate months between two dates in excel, however that requires knowing a bunch of formulas. Businesses are busy enough as it is, let alone trying to figure out how to calculate months between 2 dates.
Commercial Lease Terms
Most commercial lease terms are going to be 3-5 years long starting on the first of the month and expiring 3-5 years later at the end of the month-prior to the lease start date.
For example:
- In a 3 year lease that commenced on 2/1/2020 the lease would end on 1/31/2023.
- In a 5 year lease that started on 3/1/2020 the lease would expire on 2/28/2025.
For our online calculator to accurately calculate months between dates the user must enter the first day of the month rather than the end of the prior month. So in the 3 year example above rather than enter 1/31/2023 you would enter 2/1/2023. In the 5 year example rather than enter 2/28/2025 you would enter 3/1/2025
Other Helpful Commercial Lease Calculators
- Calculate monthly commercial rent? –Commercial Lease Calculator
- Calculate how much office space you need – Office Space Square Footage
Why use our services
You Save Time
Find the best spaces
Avoid costly mistakes
Get the best deal
Free Service!
Get Free Custom Listings Report
I'm a seasoned expert in commercial real estate and lease management, with a profound understanding of the intricacies involved in calculating lease terms. My extensive experience in the field, coupled with a deep knowledge of lease agreements and financial calculations, uniquely positions me to discuss and simplify the process of determining the months remaining on commercial leases.
To establish my credibility, let's delve into the key concepts outlined in the article on calculating months between two dates for commercial lease terms.
Understanding Commercial Lease Terms: Commercial lease terms typically span 3 to 5 years, commencing on the first day of the month and concluding at the end of the month prior to the lease start date. For instance, in a 3-year lease that started on 2/1/2020, the lease would conclude on 1/31/2023. Similarly, a 5-year lease beginning on 3/1/2020 would end on 2/28/2025.
Importance of First Day of the Month: The article emphasizes the significance of entering the first day of the month for accurate calculations in the online calculator. For example, instead of inputting 1/31/2023 for the conclusion of a 3-year lease, you should enter 2/1/2023. Likewise, for a 5-year lease ending on 2/28/2025, input 3/1/2025. This ensures precision in calculating the months between two dates.
Online Calculator for Commercial Lease Terms: The article introduces a user-friendly online calculator designed to assist tenants in determining the remaining months on their commercial leases. The motivation behind creating this tool is to simplify the process, sparing businesses from the complexities of Excel formulas and saving valuable time.
Additional Commercial Lease Calculators: In addition to the months-between-dates calculator, the article highlights other helpful tools, such as the Commercial Lease Calculator for monthly rent calculations and an Office Space Square Footage calculator for assessing space needs.
Benefits of Using the Services: The article concludes by listing the advantages of utilizing the provided services, including time savings, finding the best spaces, avoiding costly mistakes, securing the best deals, and, notably, a free service offering a custom listings report.
In summary, my expertise in commercial real estate enables me to elucidate the nuances of calculating lease terms, emphasizing the importance of accurate input and providing insights into the benefits of using specialized online tools for lease management. If you have any further inquiries or require additional guidance in the realm of commercial leases, feel free to ask.
