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Cancellable

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04 August 2012 What is cancellable lease,

Rental agreement between two parties for 3 years for fixed period wether it was come under the non-cancellable lease or cancellable lease

06 August 2012 3 years fixed means non cancellable.

If there is a caluse for cancellation with 2 months or so ..notice without compensating for future losses, then it is called as cancellable lease.



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