The recovery for a lessee's wrongful repudiation of a lease is the difference between the present values of the old rent due under the original lease and the market rent.

Question

Quizplus · Accepted Answer

The recovery for a lessee's wrongful repudiation of a lease typically involves the lessor being compensated for the loss, which is calculated as the difference between the present values of the rent due under the original lease and the current market rent for the remainder of the lease term. This calculation aims to put the lessor in a position as close as possible to where they would have been had the lease not been repudiated.

The Recovery for a Lessee's Wrongful Repudiation of a Lease