At the end of the term of the lease agreement, the salvage value of an asset, if any, is realized by the lessee.

Name: At the end of the term of the lease agreement, the salvage value of an asset, if any, is realized by the lessee.
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The salvage value of an asset at the end of a lease agreement is typically realized by the lessor, not the lessee, unless specified otherwise in the lease terms.

At the End of the Term of the Lease Agreement