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

双语律师Pablo，国际知名法学院法律专业，擅长翻译涉及高端品牌及消费品领域的法律文件。