Common use of DAMAGES TO PREMISES Clause in Contracts

DAMAGES TO PREMISES. If the premises are so damaged by fire or from any other cause as to render them untenantable, then either party shall have the right to terminate this Lease as of the date on which such damage occurs, through written notice to the other party, to be given within fifteen (15) days after occurrence of such damage, except that should such damage or destruction occur as the result of the abuse or negligence of Tenant, or his invitees, then owner only shall have the right to termination. Should this right be exercised by either Owner or Tenant, the rent for the current month shall be prorated between the parties as of the date the damage occurred and prepaid rent and unused security deposit shall be refunded to Tenant. If this Lease is not terminated, then Owner shall promptly repair the premises and there shall be proportionate reduction of rent until the premises are repaired and ready for Tenant’s occupancy. The proportionate reduction shall be based on the extent to which the making of repairs interferes with Tenant’s reasonable use of the premises.

Appears in 2 contracts

Samples: cedardriveapartments.com, cedardriveapartments.com

AutoNDA by SimpleDocs

DAMAGES TO PREMISES. If the premises are so damaged by fire or from any other cause as to render them untenantable, then either party shall have the right to terminate this Lease as of the date on which such damage occurs, through written notice to the other party, to be given within fifteen (15) days after occurrence of such damage, except that should such damage or destruction occur as the result of the abuse or negligence of Tenant, or his invitees, then owner only shall have the right to termination. Should this right be exercised by either Owner or Tenant, the rent for the current month shall be prorated between the parties as of the date the damage occurred and prepaid rent and unused security deposit shall be refunded to Tenant. If this Lease is not terminated, then Owner shall promptly repair the premises and there shall be proportionate reduction of rent until the premises are repaired and ready for TenantXxxxxx’s occupancy. The proportionate reduction shall be based on the extent to which the making of repairs interferes with Tenant’s reasonable use of the premises.

Appears in 1 contract

Samples: cedardriveapartments.com

DAMAGES TO PREMISES. If the premises are so damaged by fire or from any other cause as to render them untenantable, then either party shall have the right to terminate this Lease as of the date on which such damage occurs, through written notice to the other party, to be given within fifteen (15) days after occurrence of such damage, ; except that should such damage or destruction occur as the result of the abuse or negligence of Tenant, or his its invitees, then owner Owner only shall have the right to termination. Should this right be exercised by either Owner or Tenant, the then rent for the current month shall be prorated between the parties as of the date the damage occurred and any prepaid rent and unused security deposit shall be refunded to Tenant. If this Lease is not terminated, then Owner shall promptly repair the premises and there shall be a proportionate reduction deduction of rent until the premises are repaired and ready for Tenant’s 's occupancy. The proportionate reduction shall be based on the extent to which the making of repairs interferes with Tenant’s 's reasonable use of the premises.

Appears in 1 contract

Samples: Residential Lease Rental Agreement (Color Spot Nurseries Inc)

AutoNDA by SimpleDocs

DAMAGES TO PREMISES. If the premises are so damaged by fire or from any other cause as to render them untenantableun-tenantable, then either party shall have the right to terminate this Lease lease as of the date on which such damage occurs, through written notice to the other party, to be given within fifteen (15) 15 days after occurrence of such damage, ; except that should such damage or destruction occur as the result of the abuse or negligence of Tenant, or his its invitees, then owner Owner only shall have the right to termination. Should this right be exercised by either Owner or Tenant, the then rent for the current month shall be prorated between the parties as of the date the damage occurred and any prepaid rent and unused security deposit shall be refunded to Tenant. If this Lease lease is not terminated, then Owner shall promptly repair the premises and there shall be a proportionate reduction deduction of rent until the premises are repaired and ready for Tenant’s occupancy. The proportionate reduction shall be based on the extent to which the making of repairs interferes with Tenant’s reasonable use of the premises.

Appears in 1 contract

Samples: Residential Lease Rental Agreement

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