Generally, the lease term is the duration of the non-cancellable portion of the lease plus any bargain renewal options.

Name: Generally, the lease term is the duration of the non-cancellable portion of the lease plus any bargain renewal options.
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The lease term typically includes the non-cancellable period and any periods covered by options to extend the lease if it is reasonably certain that the lessee will exercise the option.

Generally, the Lease Term Is the Duration of the Non-Cancellable