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DRAFT FOR ATTORNEY REVIEW — NOT FINAL

Kentucky Tax Commission v. Jefferson Motel, Inc., 387 S.W.2d 293 (1965)

Citation
Kentucky Tax Commission v. Jefferson Motel, Inc., 387 S.W.2d 293 (1965)
Parent Document
Kentucky Tax Commission v. Jefferson Motel, Inc., 387 S.W.2d 293 (1965)
Jurisdiction
Kentucky (state)
Effective Date
1965-02-19

Other Sections in This Document (25)

Full Text

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take the position “that the difference in terminology is immaterial. In numerous cases, courts have measured leasehold interests in land on the basis of the value of improvements placed upon the land” by the lessees. Without reviewing the authorities cited to that effect, we do not question the proposition that if a lessee’s addition of improvements is a prudent investment the value of his leasehold interest is enhanced accordingly. And if the benefits and burdens of the lease are otherwise equal, the value of his leasehold should substantially coincide with the current value of what he has added to it. If that were not so, presumably he would not make the investment. 6