Full Definition
The lease term is the contractual length of time both renter and landlord are bound by the rental agreement. The standard in Denver and most U.S. markets is 12 months.
Shorter terms (3, 6, 9 months): available at some communities, usually with a 5-25% rent premium. Most common for traveling professionals, contract workers, and transitional moves.
Longer terms (13, 14, 15 months, or 24 months): occasionally offered, sometimes with a small rent discount as an incentive. Useful for renters who want maximum stability and can commit.
After the initial term, leases typically convert to month-to-month automatically unless renewed for another term.