Common use of DAMAGES TO PREMISES Clause in Contracts

DAMAGES TO PREMISES. If the Property is so damaged by fire or from any other cause as to render it untenantable, then either party shall have the right to terminate this Agreement as of the date on which such damage occurs, through written notice to the other party, to be given within (15) fifteen days after occurrence of such damage; except that should such damage or destruction occur as the result of the abuse or negligence of Tenant or Tenant’s guests or invitees, then Landlord only shall have the right to termination, and shall have full recourse against Tenant or Tenant’s guests or invitees for such fault or negligence. Should any termination right be exercised by either the Landlord or Tenant, then except for an event of Tenant or Tenant’s guests or invitees, fault or negligence, rent for the current month shall be prorated between the parties as of the date the damage occurred and any prepaid rent and unused security deposit shall be refunded to Tenant. If this Lease is not terminated and Tenant continues in possession, then Landlord shall promptly repair the Property and there shall be a proportionate reduction of the rent until Property is repaired and ready for Tenant’s occupancy. The proportionate reduction shall be based on the extent to which the making of repairs interferes with Tenant’s reasonable use of the Property.

DAMAGES TO PREMISES. If the Property is so damaged by fire or from any other cause as to render it untenantable, then either party shall have the right to terminate this Agreement as of the date on which such damage occurs, through written notice to the other party, to be given within (15) fifteen days after occurrence of such damage; except that should such damage or destruction occur as the result of the abuse or negligence of Tenant or Tenant’s guests or invitees, then Landlord only shall have the right to termination, and shall have full recourse against Tenant or Tenant’s guests or invitees for such fault or negligence. Should any termination right be exercised by either the Landlord or Tenant, then except for an event of Tenant or Tenant’s guests or invitees, fault or negligence, rent for the current month shall be prorated between the parties as of the date the damage occurred and any prepaid rent and unused security deposit shall be refunded to Tenant. If this Lease is not terminated and Tenant continues in possession, then Landlord shall promptly repair the Property and there shall be a proportionate reduction of the rent until Property is repaired and ready for Tenant’s occupancy. The proportionate reduction shall be based on the extent to which the making of repairs interferes with TenantXxxxxx’s reasonable use of the Property.