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tpaint Gauntlet Gyms inc owns athletic training facilities and camping grounds, which it leases to corporate clients, educational institutions, and other non-governmental orparizations. The Xavier Institute agrees to lease one of these athletic training facilities on the following terms: - The training facility comprises 7200 acres in Idaho. The lessor owns only one training facility in this location. - The Xavier Institute can use the training facility at its discretion over the lease term. Gauntlet Gyms Inc. is prohitited from selling the facility during the lease term or terminating the lease agreement early, - The lease term is for 30 years with an option to renew for an additional 20 years The Xavier Institute is reasonably likely to renew. The useful ife of thia ficility is 50 years. - The lease contract requires Gauntlet Gyms inc to upgrade the facility to comply with the American Disabilities Act. Subsequent lessees of the tacility can benefit from these upgrades. - The lessee does not automatically obtain ownership of the facility at the end of the lease term and the lessee is not given an option to purchase the facility at the end of the lease term. - Gauntlet Gyms inc will provide food catering services for four meals per day. - The present value of the sum of the lease payments is $12 million. The facility's fair market value is $13 miliion. The Xavier linstitute is responsible for repairing all damage to the facility or paring 150% of the cast of any repairs. Which provision of the lease contract is a non-lease component? The lease contract requires Gauntlet Gyms Inc to upgrade the facility to comply with the American Disabilities Act. Subsequent lessces of the faclity can benefit from these upgrades. The Xavier Institute can use the training facility at its discretion over the lease term. Gauntlet Gyms inc is prohibited from selling the facility during the lease term or terminating the lease agreement early. Gauntlet Gyms Inc will provide food catering services for four meals per day. The training facility comprises 7200 acres in Idaho. Gauntlet Gyms inc owns only one training facility is this location