Common use of Property Casualty Insurance Clause in Contracts

Property Casualty Insurance. Property casualty insurance for the Premises and any buildings constructed shall be added to Landlord’s existing property casualty insurance policy in such amounts as Landlord deems appropriate in its sole discretion but not to exceed one hundred fifty (150%) of the property and building value. Tenant shall reimburse Landlord for the expense attributable to such coverage. Tenant may choose, at its option, to obtain renter’s insurance at Tenant’s sole expense for any of its personal property.

Appears in 4 contracts

Samples: Lease Agreement, Lease Agreement, Lease Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.