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.]

 [Blacks Law 8th]