Bargain Renewal Option

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Definitions
Bargain Renewal Option
Bargain Renewal Option Lease Agreements Capital Lease Operating Lease Lessee Lessor Contract Law
A bargain renewal option in a lease agreement gives the lessee the right to extend the lease term at a rate favorable enough that's considerably below market value.
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Definitions
Capital Lease
Capital Lease Asset Lessee Lease Criteria Ownership Transfer Bargain Purchase Option Bargain Renewal Option Present Value Finance Lease
A Capital Lease, in the USA, is a lease that does not legally constitute a purchase but is recorded as an asset on the lessee's books under certain conditions.
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