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Valuation Of Leaseholds In Condemnation Actions

By June 21, 2016 March 5th, 2019 No Comments

The valuation of leasehold interests in condemnation actions presents some unique issues that will be addressed in this article. It is the settled law in Michigan that a: leasehold interest constitutes ‘property’ and just compensation must be made therefor upon a taking. City of Detroit v Whalings, Inc, 43 Mich App 1, 8; 202 NW2d 816 (1972)(citing Lookholder v State Highway Commissioner, 354 Mich 28 (1958).

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