The Lease Term Includes the Fixed Non-Cancelable Term of the Lease

question 66

Multiple Choice

The lease term includes the fixed non-cancelable term of the lease plus

• A) any periods covered by an ordinary renewal options preceding the exercise date of a bargain purchase option
• B) any periods covered by a bargain renewal option
• C) any periods for which failure to renew the lease imposes a significant penalty on the lessee
• D) all of these