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What is the length of the lease for the IP address being assigned to me by the DHCP servers?

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Normally, an IP lease is for four days; however, sometimes the DHCP server will assign a shorter lease duration.  Please note, as long as the device that is connecting to the server is configured correctly (to use DHCP) and is working properly, a short-term lease should have no effect on your ability to access the Internet.
Source: Comcast