A lessee in financial distress may be able to renegotiate the lease and force the lessor to accept lower lease payments.

Name: A lessee in financial distress may be able to renegotiate the lease and force the lessor to accept lower lease payments.
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Question

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When a lessee is in financial distress, they may be able to negotiate a lease modification with the lessor, including lower lease payments. However, it is not guaranteed that the lessor will agree to the renegotiation.

A Lessee in Financial Distress May Be Able to Renegotiate