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Concept Map » Infrastructure Asset Management
Concept » Non-cancellable Lease

A lease that is cancellable only upon the occurrence of some remote contingency, or with the permission of the lessor, or if the lessee enters into a new lease for the same or an equivalent asset with the same lessor, or upon payment by the lessee of such an additional amount that, at the inception of the lease, makes the continuation of the lease reasonably certain. AIFMG 2009

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