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| Definition Of: |
Bargain Renewal Option
A lease provision allowing the lessee- at its option- to extend the lease for an additional term in exchange for periodic rental payments sufficiently less than fair value rentals for the property- such that exercise of the option appears- at the inception of the lease- to be reasonably assured.
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Leasing Dictionary INDEX:
List of Terms: Terms beginning with "A", Page 1 |
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1 2 3 4 A: Page 1 of 4.
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