Common use of CASUALTY LOSS OR CONDEMNATION Clause in Contracts

CASUALTY LOSS OR CONDEMNATION. Section 92.054, Property Code governs the rights and obligations of the parties regarding a casualty loss to the Property. Any proceeds, payment for damages, settlements, awards, or other sums paid because of a casualty loss to the Property will be Landlord’s sole property. For the purpose of this lease, any condemnation of all or a part of the Property is a casualty loss.

Appears in 5 contracts

Samples: Texas Residential Lease Agreement (Tirios Propco Series LLC), Texas Residential Lease Agreement (Tirios Propco Series LLC), Texas Residential Lease Agreement (Tirios Propco Series LLC)

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CASUALTY LOSS OR CONDEMNATION. (Section 92.054, 92.054 of the Property Code governs the rights and obligations of the parties regarding a casualty loss to the Property. .) Any proceeds, payment for damages, settlements, awards, or other sums paid because of a casualty loss to the Property will be the sole property of Landlord’s sole property. For the purpose of this leaseLease, any condemnation of all or a part of the Property is a casualty loss.

Appears in 2 contracts

Samples: Properties Lease Agreement, Properties Lease Agreement

CASUALTY LOSS OR CONDEMNATION. Section 92.054, Property Code governs the rights and obligations of the parties regarding a casualty loss to the Property. Any proceeds, payment for damages, settlements, awards, or other sums paid because of a casualty loss to the Property will be Landlord’s 's sole property. For the purpose of this lease, any condemnation of all or a part of the Property is a casualty loss.

Appears in 2 contracts

Samples: Residential Lease Agreement, www.libertymgt.net

CASUALTY LOSS OR CONDEMNATION. Section 92.054, Property Code governs the rights and obligations of the parties regarding a casualty loss to the Property. Any proceeds, payment for damages, settlements, awards, or other sums paid because of a casualty loss to the Property will be Landlord’s sole property. For the purpose of this leaseagreement, any condemnation of all or a part of the Property is a casualty loss.

Appears in 1 contract

Samples: www.seykota.com

CASUALTY LOSS OR CONDEMNATION. Section 92.054, Property Code governs the rights and obligations of the parties regarding a casualty loss to the Property. Any proceeds, payment for damages, settlements, awards, or other sums paid because of a casualty loss to the Property will be Landlord’s 's sole property. For the purpose of this lease, any condemnation of all or a part of the Property is a casualty loss.

Appears in 1 contract

Samples: Residential Lease

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CASUALTY LOSS OR CONDEMNATION. Section 92.054, Property Code governs the rights and obligations of the parties regarding a casualty loss to the Property. Any proceeds, payment for damages, settlements, awards, or other sums paid because of a casualty loss to the Property will be Landlord’s 's sole property. For the purpose of this leaseLease, any condemnation of all or a part of the Property is a casualty loss.

Appears in 1 contract

Samples: Residential Lease Agreement

CASUALTY LOSS OR CONDEMNATION. Section 92.054, Property Code governs the rights and obligations of the parties regarding a casualty loss to the PropertyPremises. Any proceeds, payment for damages, settlements, awards, or other sums paid because of a casualty loss to the Property Premises will be Landlord’s 's sole property. For the purpose of this lease, any condemnation of all or a part of the Property Premises is a casualty loss.

Appears in 1 contract

Samples: Standard Residential Lease

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