Home-based businesses are quickly becoming the fastest growing form of business start-ups in America. In fact, over half of the 600,000 new businesses founded each year are grown out of someone's home office of basement.

The term of lease refers to the length of time a tenant is legally bound to a lease agreement. It can range from months to years and outlines the start and end dates. This period determines the tenant's occupancy and rent obligations during that time.