Leases

We lease certain property under non-cancelable leases. Office leases are generally for terms of

three

five

years and generally provide renewal options. Model home leases are generally for shorter terms of approximately

one

three

years with renewal options on a month-to-month basis. In most cases, we expect that in the normal course of business, leases that will expire will be renewed or replaced by other leases. The future lease payments required under operating leases that have initial or remaining non-cancelable terms in excess of

one

year are as follows:

Years Ending October 31,		(In Thousands)
2019		$9,297
2020		6,388
2021		3,903
2022		2,946
2023		2,026
Thereafter		2,482
Total		$27,042

Net rental expense for the

three

years ended

October 31, 2018,

2017

and

2016,

was

$14.4

million,

$10.8

million and

$12.8

million, respectively. These amounts represent all of the above described lease types and also include rent expense for our corporate headquarters and various month-to-month leases on model homes, furniture and equipment. Certain leases contain renewal or purchase options and generally provide that the Company shall pay for insurance, taxes and maintenance.