Leasehold Value

The value of a leasehold interest. Usually applied to a long term lease when market rental for similar space is higher than rent paid under the lease. Some states allow the lessee to claim the leasehold value against the landlord in eminent domain proceedings, unless specifically prohibited by the lease itself. Other states, by statute, do not allow for such a claim. See also: "No Bonus" Clause.

Real Estate Practice Test - Pass Your Real Estate Exam Now!

More Real Estate Definitons