ADJOINING BUILDING CLAUSE Clause Samples

The Adjoining Building Clause sets out the rights and responsibilities of parties regarding buildings or structures that are adjacent to the property in question. Typically, this clause addresses issues such as access for repairs, maintenance, or construction that may affect neighboring buildings, and may require notice to or consent from adjoining property owners. Its core function is to prevent disputes and clarify obligations when work on one property could impact an adjoining building, thereby ensuring smooth relations and legal compliance between neighbors.
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ADJOINING BUILDING CLAUSE. UIN: IRDAN123CP0077V01201819/A0069V01202122
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Related to ADJOINING BUILDING CLAUSE

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  • Building and Improvements Lessor shall obtain and keep in force a policy or policies of insurance in the name of Lessor, with loss payable to Lessor, any ground-lessor, and to any Lender insuring loss or damage to the Premises. The amount of such insurance shall be equal to the full insurable replacement cost of the Premises, as the same shall exist from time to time, or the amount required by any Lender, but in no event more than the commercially reasonable and available insurable value thereof. Lessee Owned Alterations and Utility Installations, Trade Fixtures, and Lessee's personal property shall be insured by Lessee not by Lessor. If the coverage is available and commercially appropriate, such policy or policies shall insure against all risks of direct physical loss or damage (except the perils of flood and/or earthquake unless required by a Lender), including coverage for debris removal and the enforcement of any Applicable Requirements requiring the upgrading, demolition, reconstruction or replacement of any portion of the Premises as the result of a covered loss. Said policy or policies shall also contain an agreed valuation provision in lieu of any coinsurance clause, waiver of subrogation, and inflation guard protection causing an increase in the annual property insurance coverage amount by a factor of not less than the adjusted U.S. Department of Labor Consumer Price Index for All Urban Consumers for the city nearest to where the Premises are located. If such insurance coverage has a deductible clause, the deductible amount shall not exceed $5,000 per occurrence.