The lease term is defined as;

Name: The lease term is defined as;
Brand: Quizplus
Rating: 4.8 (44 reviews)

Question

Quizplus · Accepted Answer

The lease term is typically defined as the non-cancellable term in the agreement, but some leases may include options for extension. In order to capture the full potential duration of the lease, it is appropriate to include any possible extensions that are reasonably likely to be taken up. Therefore, choice D is the best answer as it takes into account both the non-cancellable lease term and any possible extensions.

The lease Term Is Defined As;