alleryStart learning →A non-cancellable lease can be cancelled only in which situation?
ALessee changes its policy
BLessor gives permission
CMarket rents fall sharply
DLessee wishes at any time
Answer & Solution
Correct answer: B. Lessor gives permission
One of the permitted cancellation routes is with the permission of the lessor; others are a remote contingency, a new equivalent lease, or a penalty making continuation reasonably certain.
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