Leasehold Value
Legal definition for Indian law research
Definition
Leasehold value, means 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 states prohibit these claims by statute, Black's Law Dictionary, 7th Edn., p. 900.
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.