Common use of Damage/Destruction Clause in Contracts

Damage/Destruction. A. If during the Term, the Premises are damaged or destroyed by fire or other casualty, then, at Landlord's option: (i) the Premises will be promptly restored and repaired by the Landlord and, if the Unit is damaged or destroyed, any Rent for the period that the Premises are uninhabitable by Tenant will be reduced, unless and to the extent Landlord provides Tenant with comparable alternative living space; or (ii) Landlord may terminate this Lease by notifying Tenant, in which event the Rent will terminate as of the date of the damage or destruction; or (iii) Landlord may relocate Tenant to another unit within the Facility or a comparable facility. Notwithstanding any of the foregoing, Tenant will not be excused from paying Rent if the damage or destruction to the Premises is caused by Tenant or any guest of Tenant. B. If the Premises are condemned, this Lease will terminate on the date the possession is tendered by Landlord to the condemning authority. All condemnation damages will belong to Landlord.

Appears in 3 contracts

Samples: Lease Agreement, Lease Agreement, Lease Agreement

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Damage/Destruction. A. If during the Term, the Premises are damaged or destroyed by fire or other casualty, then, at Landlord's option: (i) the Premises will shall be promptly restored and repaired by the Landlord and, if the Unit is damaged or destroyed, any Rent for the period that the Premises are uninhabitable by Tenant will be reducedLessee shall xxxxx, unless and to the extent Landlord provides Tenant Lessee with comparable alternative living space, in which event Rent will not be abated; or (ii) Landlord may terminate this Lease by so notifying Tenant, Lessee in which event the Rent will terminate shall cease to accrue as of the date of the such damage or destruction; or (iii) Landlord may relocate Tenant Lessee to another unit within the Facility or a comparable facility. Notwithstanding any of the foregoing, Tenant will Lessee shall not be excused from paying Rent if the damage or destruction to the Premises is caused by Tenant Lessee or any guest of TenantLessee. B. If the Premises are condemned, this Lease will shall terminate on the date the possession is tendered by Landlord to the condemning authority. All condemnation damages will belong to shall be the property of Landlord.

Appears in 2 contracts

Samples: Lease Agreement, Lease Agreement

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