Definitions for "End-of-term options"
Keywords:  lessee, lessor, renew, lease, equipment
Common end-of-term options for leased equipment include renewing the lease, purchasing the equipment, returning the equipment to the lessor, or a combination of renew/return.
Options in the lease agreement that give the lessee flexibility in its treatment of the leased equipment at the end of the lease term. These options usually include equipment purchase, return, or lease renewal.
Options stated in the lease agreement that give the lessee flexibility in its treatment of the leased equipment at the end of the lease term. Common options include purchasing the equipment, renewing the lease or returning the equipment to the lessor. Options are sometimes given as an amendment to the lease documents and are not made part of the actual lease document.