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 § 190.]

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词条贡献者

译者Anne，毕业于亚洲顶尖的高级翻译学院，擅长翻译各种与投资顾问法联邦及地方注册相关的法律文件。