Which statement about the Term in a lease is correct?

• A. The Term is the rent amount
• B. The Term begins after registration at HMLR
• C. The Term specifies duration and commencement date
• D. The Term is unrelated to completion date

Answer: (C)

The Term defines the period the tenant has rights under the lease, covering both how long the lease lasts and when it starts—the commencement date. This makes clear when occupancy and the tenant’s covenants begin, as well as when the lease ends. It is not the rent amount; rent is a separate provision of the lease. It does not necessarily begin after registration at HM Land Registry—the term can start on a fixed date in the lease or on completion, depending on what the lease says. The end date follows from the duration counted from the commencement date, so knowing both elements tells you exactly when the lease ends. This matters for when rent is due, when covenants apply, and when renewal or break options may operate.