Nebraska Statutes 72-225. Condemnation proceedings; land under lease contract; interest of owner; value assessed
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If the land to be taken is held under lease contract, the board of appraisers also shall make a finding as to the interest of the owner in such lease contract, if any, and such value shall be separately assessed.
Terms Used In Nebraska Statutes 72-225
- Contract: A legal written agreement that becomes binding when signed.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC