Examlex
Control joints are required to be more closely spaced on a stucco surface backed by a stud wall than on a stucco surface backed by a masonry wall.
Bargain Purchase Option
An option in a lease agreement that allows the lessee to purchase the leased item at a price significantly lower than its expected fair market value.
Economic Life
The expected period of time during which an asset is useful to the average owner, or until the asset can no longer be economically used.
Lease Term
The fixed, non-cancelable duration of a lease agreement, often including options to renew for additional periods.
Rent Revenue
Income earned from leasing out property or equipment.
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