Common use of Demolition Clause in Contracts

Demolition. The Owner will not demolish a Rental Unit unless: (a) the Owner has obtained the written opinion of a professional engineer or architect who is at arm’s length to the Owner and who has been approved in writing by the District, acting in its sole discretion, that it is no longer reasonable or practical to repair or replace any structural component of the building containing the Rental Unit, and the Owner has delivered to the District a copy of the engineer’s or architect’s report; or (b) the building containing the Rental Unit is damaged or destroyed, to the extent of 40% or more of its value above its foundations, as determined by the District, in its sole discretion, and, in each case, a demolition permit for the building containing the Rental Unit has been issued by the District and the building containing the Rental Unit is demolished under that permit.

Demolition. The Owner will not demolish a Secured Rental Unit or a building on the Lands unless: (a) the Owner has obtained the written opinion of a professional engineer or architect architect, who is at arm’s length to the Owner and who has been approved in writing by the DistrictOwner, acting in its sole discretion, indicating that it is no longer reasonable or practical to repair or replace any structural component of the building containing the Secured Rental UnitUnit or building, and the Owner has delivered to the District City a copy of the engineer’s or architect’s report; or (b) 40% or more of the value of the building containing the Rental Unit above its foundations is damaged or destroyed, to the extent of 40% or more of its value above its foundations, as determined by the DistrictCity, in its sole discretion, and, in each case, a demolition permit for the building containing the Secured Rental Unit or the building has been issued by the District City and the building containing the Secured Rental Unit is or building has been demolished under that permit.

Demolition. The Owner will not demolish a Rental Dwelling Unit or a building containing a Dwelling Unit unless: (a) the Owner has obtained the written opinion of a professional engineer or architect who is at arm’s length to the Owner and who has been approved in writing by the District, acting in its sole discretion, that it is no longer reasonable or practical to repair or replace any structural component of the building containing the Rental a Dwelling Unit, and the Owner has delivered to the District a copy of the engineer’s or architect’s report; or (b) the building containing the Rental a Dwelling Unit is damaged or destroyed, to the extent of 40% or more of its value above its foundations, as determined by the District, in its sole discretion, and, in each case, a demolition permit for the building containing the Rental a Dwelling Unit has been issued by the District and the building containing the Rental a Dwelling Unit is has been demolished under that permit.