Total Petroleum, Inc. v. Farrar

We granted certiorari to consider whether the court of appeals erred in utilizing the “undivided basis” method to resolve a dispute between landlords and a tenant regarding the apportionment of condemnation proceeds, pursuant to a written contract between the parties. Farrar v. Total Petroleum, Inc., 765 P.2d 613 (Colo.App.1988). The trial court’s award of $77,000 to the tenant was reversed by the court of appeals, which held that the tenant was entitled to no compensation because the condemnation proceeds were attributable to the land value of the property taken and not to the improvements…