Real Estate Glossary | What is Term Beginning??

Q: What is Term Beginning?

The term beginning refers to the starting date of a contract, lease, or loan agreement. The term beginning is the date on which the agreement becomes effective and the parties are obligated to perform their duties as outlined in the contract. The term beginning is an important date as it marks the start of the period of time during which the agreement is in force and the parties are bound by its terms and conditions.

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