NO-BONUS CLAUSE

By SovConn | May 24, 2013

no-bonus clause.Landlord–tenant law. A lease provision that takes effect upon governmental condemnation, limiting the lessee’s damages to the value of any improvements to the property and preventing the lessee from recovering the difference between the lease’s fixed rent and the property’s market rental value. See CONDEMNATION. [Cases: Eminent Domain 155. C.J.S. Eminent Domain § 190.]

[Blacks Law 8th]

Posted in Law Dictionary Definitions