leasehold interest
Property insurance covering the loss suffered by a tenant due to termination
of a favorable lease because of damage to the leased premises by a covered cause.
The principal coverage is the net leasehold interest, which is the present value
of the difference between the total rent payable over the unexpired portion
of the lease and the total estimated rental value of the property during the
same period.
Links for IRMI Online Subscribers Only:
CPI VI.C