Common use of Condemnation Award Clause in Contracts

Condemnation Award. All compensation awarded or paid upon any total or partial taking of the Demised Premises shall belong to and be the property of the Landlord. Nothing herein shall prevent Tenant from pursuing a separate award from the condemning authority for its moving expenses or for the taking of its personal property, as long as Tenant’s award does not reduce Landlord’s award from the condemning authority.

Appears in 43 contracts

Samples: Percentage Lease Agreement, Commercial Modified Gross Lease Agreement, Restaurant Lease Agreement

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