When a lease specifies a fixed end date, it is classified as what type of lease?

A lease that specifies a fixed end date is classified as a lease for years. This term implies that the lease has a predetermined duration, which can be for any length of time—weeks, months, or years—but crucially, it ends on a specific date stated within the lease document.

A lease for years automatically terminates on the specified end date without needing notice from either party, which provides clarity and certainty for both the landlord and tenant. This type of lease contrasts with periodic leases, which continue on a regular basis (such as month-to-month) until notice is given to end the lease.

Fixed lease and short-term lease are not standard terms used in the context of lease classifications like the lease for years is, making them less applicable in this scenario. Therefore, recognizing the specific criteria of a lease for years helps in distinguishing it from other types, emphasizing its defining feature of a set expiration date.