lease insurance

An agreement to indemnify a leaseholder for the loss of a favorable lease terminated by damage to the property from a peril covered by the policy.

• The amount payable is the difference between the rent and the actual rental value of the property, multiplied by the remaining term of the lease.

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词条贡献者

译者Jessie，毕业于亚洲顶尖的高级翻译学院，擅长翻译各种与能源、自然资源与利用相关的法律文件。