Building Damage Sample Clauses
The Building Damage clause defines the responsibilities and procedures to follow if the building involved in the contract is damaged during the term of the agreement. Typically, this clause outlines who is responsible for repairs, how insurance claims are handled, and whether the contract can be terminated or rent abated in the event of significant damage. Its core practical function is to allocate risk and provide a clear process for addressing property damage, thereby minimizing disputes and ensuring both parties understand their obligations if such an event occurs.
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Building Damage. In case the Building throughout shall be so injured or damaged, whether by fire or otherwise (though said Premises may not be affected, or if affected, can be repaired within said 180 days), that, within ninety (90) days after the happening of such injury, Landlord shall decide not to reconstruct or rebuild said Building, then, notwithstanding anything contained herein to the contrary, upon notice in writing to that effect given by Landlord to Tenant within said ninety (90) days, Tenant shall pay the rent, properly apportioned up to such date, this Lease shall terminate from the date of delivery of said written notice, and both parties hereto shall be freed and discharged of all further obligations hereunder.
Building Damage. The Tenant shall cover the cost of repairing the buildings damaged due to negligence when loading or unloading machine tools, raw materials and goods or such tools, raw materials and goods with weights exceeding the bearing capacity of the buildings. (The maximum bearing capacity of the warehouse for the leased properties is 3 tons/m2, and 2 tons/m2 in office areas on the same floor of the warehouse, and 0.4 ton/m2 on the mezzanine floor.) The Tenant shall pay to the Landlord any reasonable costs incurred by repairing any such damage.
Building Damage. In case the Building throughout shall be so injured or damaged after the date of substantial completion of Landlord's Work, whether by fire or otherwise (though said Premises may not be affected, or if affected), that can be repaired within said * days (subject to delays beyond Landlord's reasonable control), that, within * days after the happening of such injury, Landlord shall decide not to reconstruct or rebuild said Building, then, notwithstanding anything contained herein to the contrary, upon notice in writing to that effect given by Landlord to Tenant within said * days, Tenant shall within * days after notice thereof, surrender the Premises to Landlord, pay the Rent, properly apportioned up to the time of such termination of this Lease so long as Tenant surrenders the Premises to Landlord within said * days; failing which Tenant shall pay Rent from the expiration of said * day period until the date of Tenant's vacation and surrender of the Premises. This Lease shall terminate from the date of delivery of said written notice, and both parties hereto shall be freed and discharged of all further obligations hereunder.
Building Damage. The landlord usually demands unlimited time to rebuild the premises after fire or other damage, which can be a major disaster for a tenant. What happens if the building gets heavily damaged by fire, earthquake, or hurricane and is uninhabitable? As a tenant, you’d like to set up shop someplace else to avoid customer attrition. But if you relocate, you could be liable for rent and operating expenses on the new space and your former space. You have two tools at your disposal to protect your interests here: Limiting the time the landlord has to rebuild, and negotiating cancellation of the lease in case of major damage.
Building Damage. If the Building throughout shall be injured --------------- or damaged, whether by fire or otherwise (though the Leased Premises may not be affected, or if affected, can be repaired within sixty (60) calendar days) and within thirty (30) calendar days after the happening of such injury Landlord shall decide not to reconstruct or rebuild the Building, then, notwithstanding anything contained herein to the contrary, upon notice in writing to that effect given by Landlord to Tenant within said thirty (30) calendar days, Tenant shall pay the Rent properly apportioned up to the date on which Tenant no longer uses and occupies the Leased Premises, this Lease shall terminate as of such date, and both parties hereto shall be freed and discharged of all further obligations hereunder.
Building Damage. If the building or other improvements on the leased Premises should be damaged or destroyed by fire, flood, or other casualty, Tenant shall give immediate written notice thereof to Landlord. In the event the Premises shall be destroyed or so damaged by fire or other casualty during the life of this agreement whereby the same shall be rendered unrentable, the Landlord shall have the right to render said Premises tenantable by repairs within one hundred and twenty (120) days therefrom. If said Premises are not rendered tenantable within said time, it shall be optional with either party hereto to cancel this lease. In the event of such cancellation the rent shall be paid only to the date of such fire and casualty. The cancellation herein mentioned shall be evidenced in writing.
Building Damage. In the event the building outside Tenant’s space is damaged or defaced, Tenant agrees to make repairs within thirty (30) days.
Building Damage. If any part of the Building, including without limitation, the structure or the structural elements of the Building, or the systems for interior climate control or for the provision of utilities or services get out of repair, or become damaged or destroyed through the negligence or misuse of the Tenant or of its employees, invitees or others over whom the Tenant can reasonably be expected to exercise control, the expense of repairs or replacements thereto necessitated thereby shall be paid by the Tenant.