lessee’s interest

lessee’s interest. The appraised value of leased property from the lessee’s perspective for purposes of assignment or sale. • The value is usu. the property’s market value minus the lessor’s interest. Cf. LESSOR’S INTEREST. [Cases: Landlord and Tenant 74. C.J.S. Landlord and Tenant §§ 30, 53.]

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词条贡献者

译员Max，毕业于欧洲一流的法学院，专注翻译各种与通用数据保护条例 (GDPR)有关的法律文件。