no-bonus clause
no-bonus clause 〈美〉额外利益不予补偿条款；无额外补偿金条款 不动产租赁合同中的一项条款，并于政府征用〔condemnation〕租赁物时生效。其内容是：当征用发生时，承租人只能索回其对租赁财产所作的实际改进〔improvement〕部分的价值，而无权就其租地权益〔leasehold interest〕的损失要求补偿，即不得要求补偿租赁合同规定的租金与市场租金的差额。
Search Results for: NO-BONUS CLAUSE
no bonus clause
no-bonus clause. Landlord–tenant law. A lease provision that takes effect upon governmental condemnation, limiting the lessee’s damages to the value of any improvements to the property and preventing the lessee from recovering the difference between the lease’s fixed rent and the property’s market rental value. See CONDEMNATION. [Cases: Eminent Domain 155. C.J.S. Eminent Domain §
leasehold value
leasehold value. The value of a leasehold interest. • This term usu. applies to a long-term lease when the rent paid under the lease is lower than current market rates. Some states permit the lessee to claim the leasehold interest from the landlord in a condemnation proceeding, unless the lease prohibits such a claim. Other