### Question
How is the "short-term lease" defined?


### Answer
The term **short-term lease** is defined in *26 U.S.C. § 110* as follows -

> a lease (or other agreement for occupancy or use) of retail space for 15 years or less (as determined under the rules of section 168(i)(3))

#### Citation:
  - *26 U.S.C. § 110*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter B-Computation of Taxable Income > PART III-ITEMS SPECIFICALLY EXCLUDED FROM GROSS INCOME**

