The formula to calculate the Move-Out Date (MO) is:
\[ MO = MI + D \]
Where:
Let's say the move-in date (\( MI \)) is January 1, 2024, and the lease duration (\( D \)) is 365 days. Using the formula:
\[ MO = \text{January 1, 2024} + 365 \text{ days} \]
We get:
\[ MO = \text{December 31, 2024} \]
So, the Move-Out Date (\( MO \)) is December 31, 2024.
A move-out date is the date on which a tenant is required to vacate a rental property. This date is typically specified in the lease agreement and is determined by the move-in date and the lease duration. The move-out date marks the end of the tenant’s occupancy and the termination of the lease agreement. It is important for both tenants and landlords to be aware of the move-out date to ensure a smooth transition and to avoid any potential disputes.
