Lessee's ability to renew a lease at subsequent minimal rental payments. Minimal rental payments are defined as those significantly below what typical rental payments on the property would be. This satisfies one of the criteria required for a Capital Lease. In effect, by doing so the lessee has acquired a property right.
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 | Accounting Dictionary. Dictionary of Accounting Terms. Copyright © 2005 by Barron's Educational Series, Inc. All rights reserved. Read more |
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