what is rent commencement date
The Lease Commencement Date is the date in which the lease goes into effect legally binding the parties the parties to the terms of the lease. The Rent Commencement Date is the date in which the Lessee begins to pay rent to the Lessor. In many cases these dates may be the same and as a Lessee you will pay your first lease payment at the time in which you sign the lease. However, these two dates can be different.