Common use of Demolition Clause in Contracts

Demolition. The Owner will not demolish a Dwelling Unit or the building unless: (a) the Owner has obtained the written opinion of a professional engineer or architect, who is at arm’s length to the Owner, indicating that it is no longer reasonable or practical to repair or replace any structural component of the Dwelling Unit or building, and the Owner has delivered to the City a copy of the engineer’s or architect’s report; or (b) 25% or more of the value of the building above its foundations is damaged or destroyed, as determined by a professional appraiser retained by the Owner and approved by the City; and, in each case, a demolition permit for the Dwelling Unit or building has been issued by the City and the Dwelling Unit or building is demolished under that permit.

Demolition. The Owner will not demolish a Dwelling Unit or the building unless: (a) the Owner has obtained the written opinion of a professional engineer or architect, who is at arm’s length to the Owner, indicating that it is no longer reasonable or practical to repair or replace any structural component of the Dwelling Unit or building, and the Owner has delivered to the City a copy of the engineer’s or architect’s report; or (b) 25% or more of the value of the building above its foundations is damaged or destroyed, as determined by a professional appraiser retained by the Owner and approved by the City, in its sole discretion; and, in each case, a demolition permit for the Dwelling Unit or the building has been issued by the City and the Dwelling Unit or building is demolished under that permitCity.

Demolition. The Owner will not demolish a Dwelling Secured Rental Unit or a building on the building Lands unless: (a) the Owner has obtained the written opinion of a professional engineer or architect, who is at arm’s length to the Owner, indicating that it is no longer reasonable or practical to repair or replace any structural component of the Dwelling Secured Rental Unit or building, and the Owner has delivered to the City a copy of the engineer’s or architect’s report; or (b) 2540% or more of the value of the building above its foundations is damaged or destroyed, as determined by a professional appraiser retained by the Owner and approved by the City; , in its sole discretion, and, in each case, a demolition permit for the Dwelling Secured Rental Unit or the building has been issued by the City and the Dwelling Secured Rental Unit or building is has been demolished under that permit.

Demolition. The Owner will not demolish a Dwelling Unit or the building unless: (a) the Owner has obtained the written opinion of a professional engineer or architect, architect who is at arm’s length to the Owner, indicating Owner that it is no longer reasonable or practical to repair or replace any structural component of the Dwelling Unit or buildingUnit, and the Owner has delivered to the City a copy of the engineer’s or architect’s report; or (b) 25% or more of the value of the building above its foundations Dwelling Unit is damaged or destroyed, to the extent of 40% or more of its value above its foundations, as determined by a professional appraiser retained by the Owner and approved by the City; , in its sole discretion, and, in each case, a demolition permit for the Dwelling Unit or building has been issued by the City and the Dwelling Unit or building is has been demolished under that permit.