In reply to drolex: It's not a guarantee against 10 falls, the ropes during testing would have had to have taken at least that many of UIAA test falls. These are harsh falls and nothing like the typical fall.
Ropes can last from 1 day to 5+ years! Outdoors sharp edges are the enemy, as is mud/sand. Indoors and sport climbing the enemy is plain old overuse! The wear and tear is typically a few meters from the knot, you can cut this off and seal the ends safely, but make sure you remember and consider where the middle of the rope now lies.
Best thing to do is to feel it for flat spots, look for abrasion (bit of fluffiness is no problem, showing the core definitely is), and generally feel how much it still stretches/how wiry it seems.
I expect my indoor rope to last 12-18months and trad doubles 3 years or so. It all depends, though!