Stanley Forman Reed,
United States v. Petty Motor Company…
“ There was a complete taking of the entire interest of the tenants in the property. It has been urged that to measure just compensation for the taking of a leasehold by its value on the market or by the difference between a fair rental as of the time of taking and the agreed rent, is unfair. It is said the unfairness comes from the fact that there is really no market for leaseholds; that their value is something peculiarly personal to the lessee. [6] The same thing is true as to incidental and consequential damages to the owner of a fee. ”
