Sales of real property to plans by employers, and leaseback of the property at FMV and fair market rental value
For The Carlyle New York, a notable hotel at 76th Street and Madison Avenue, Grubb & Ellis is helping to determine the fair market rental value
of all 13 of its retail stores.
During proceedings to determine just compensation due to the owners of the laundry business, the trial court ordered the government to pay the fair market rental value
of the property.
In a declining market, the third item of damages is the difference between the rent due under the breached lease and the current fair market rental value
, which is the estimated rent due under the new lease from the date the replacement tenant starts paying rent through the end of the term of the breached lease.