RENT LOSS INSURANCE definition
RENT LOSS INSURANCE means a policy of insurance generally insuring against loss of income or rent resulting from hazards or acts of God.
RENT LOSS INSURANCE means a policy of insurance generally insuring against loss of income or rent resulting from force majeure.
RENT LOSS INSURANCE has the meaning set forth in Section 10.2.
Examples of RENT LOSS INSURANCE in a sentence
LANDLORD MAY AT ITS OPTION ALSO ELECT TO CARRY RENT LOSS INSURANCE OR OTHER TYPES OF INSURANCE COMMONLY CARRIED BY OWNERS OF SIMILAR PROPERTIES IN THE KANSAS CITY METROPOLITAN AREA, AND THE TENANT’S PRO RATA SHARE OF THE COST THEREOF SHALL CONSTITUTE ADDITIONAL RENT.
More Definitions of RENT LOSS INSURANCE
RENT LOSS INSURANCE means insurance which shall be “all risk” or “special form” against business interruption, loss of use, loss of rents or loss of rental value and extra expense resulting from any Damage.