TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

bargain renewal option [1 record]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 2006-06-08

English

Subject field(s)
  • Financial Accounting
  • Law of Contracts (common law)
DEF

A lease provision allowing the lessee an option to renew the lease for a rental that is sufficiently lower than the expected fair rental of the property at the date the option becomes exercisable, so that, at the inception of the lease, exercise of the option appears to be reasonably assured.

French

Domaine(s)
  • Comptabilité générale
  • Droit des contrats (common law)
DEF

Disposition d'un contrat de location permettant au preneur de renouveler le bail à un loyer suffisamment inférieur au juste prix de location prévisible du bien à la date où l'option pourra être levée pour que, à la date d'entrée en vigueur du bail, il paraisse pratiquement assuré que le preneur se prévaudra de cette option de renouvellement.

Spanish

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© Public Services and Procurement Canada, 2024
TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
A product of the Translation Bureau

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