Common use of Fire and Casualty Clause in Contracts

Fire and Casualty. If the premises are damaged by fire or other casualty, Landlord may cause the damage to be repaired and the rent will be abated for such period of time as premises remain untenantable, but if the premises are destroyed or so damaged that Landlord shall decide that it is inadvisable to repair same, this Lease shall cease and terminate, and rental shall be adjusted to the date when such fire or casualty occurred. Tenant agrees to release Landlord from any and all claims for loss, damage, or inconvenience arising from such fire or casualty. None of Tenant’s property is insured by Landlord, and insurance for Tenant’s property is Tenant’s responsibility to obtain.

Fire and Casualty. If the premises are damaged by fire or other casualty, Landlord may cause the damage to be repaired and the rent will be abated for such period of time as premises remain untenantableuntenanable, but if the premises are destroyed or so damaged that Landlord shall decide decided that it is inadvisable to repair same, this Lease shall cease and terminate, and rental shall be adjusted to the date when such fire or casualty occurred. Tenant agrees to release Landlord from any and all claims for loss, damage, or inconvenience arising from such fire or casualty. None of Tenant’s property is insured by Landlord, and insurance for Tenant’s property is Tenant’s responsibility to obtain.