22Interests of lessors and lessees

#### 22 Interests of lessors and lessees 22 Interests of lessors and lessees > **s 22, hdg:** Ins 1951 No 41, sec 3 (g). > > The value of the interest of a lessor or a lessee in the improved value of land is the capital sum which such interest may be expected to realise if offered for sale on such reasonable terms and conditions as a bona fide seller would require. > > **s 22:** Subst 1951 No 41, sec 3 (g). Am 1961 No 66, sec 3 (i).