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renewal time value-after 50 percent of the lease time is expired the DHCP client attempts to renew its lease with the DHCP server that issued the IP address. This renewal time value is referred to as T1

Binding time is value- after 87.5 percent of the lease time has expired the DHCP client attempts to renew it's lease again if unsuccessful, it initiates a DHCPDiscover broadcast request to receive an IP address frt om any DHCP server on its network. this Binding time value is referred to as T 2

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