UJI 13-708 NMRA

UJI 13-708. Partial taking of leasehold; damages to lessor.

Last amended: 2025Year: 2025Length: 95 wordsOfficial source
The owner of the property being taken is also the lessor under the lease on the property for a term of years ending __________________. The owner-lessor is entitled to recover money damages for the sum total of the following: 1. The depreciated value of improvements taken and which the lessor would have owned at the end of the lease; 2. The value of the land taken and which the lessor would have owned at the end of the lease; and 3. The cost of restoration of the remaining premises, if required by the lease agreement.
UJI 13-708 NMRA: UJI 13-708. Partial taking of leasehold; damages to lessor. | Justis AI