What Is a Novated Lease?

Lease Lease is the length of time specified by the DHCP server during which the client can use the assigned IP address. When leased to a customer, the lease is active. Before a lease expires, clients typically need to update their address lease assignments through the server. When the lease expires or is deleted on the server, the lease is inactive. The lease term determines when the lease expires and the number of times the client needs to update it with the server.