Which lease type generally has a duration less than 5 years?

A short term lease is defined as a lease agreement that typically lasts for a duration of less than five years. This type of lease is commonly used in residential rentals, vacation rentals, or other arrangements where flexibility is essential. As a result, these leases often provide tenants with the ability to move or change their location without a long-term commitment, which is beneficial for both parties in situations where either flexibility or temporary arrangements are required.

In contrast, long term leases usually extend beyond five years, offering stability and security for both the landlord and tenant. Graduated leases involve payments that increase at predetermined intervals over the term of the lease, and net leases pertain to commercial leasing structures that require the tenant to pay rent plus certain expenses like utilities and property taxes. Neither of these arrangements typically aligns with a lease duration of fewer than five years. This makes short term leases the most fitting choice in the context of this question.