Destruction of Unit Clause Samples
The 'Destruction of Unit' clause defines the procedures and consequences that apply if the property or unit covered by the agreement is destroyed or rendered uninhabitable. Typically, this clause outlines the rights and obligations of both parties, such as whether the agreement is automatically terminated, if rent abates, or if there are options for repair or rebuilding. For example, it may specify that the tenant is not required to pay rent during the period the unit is uninhabitable, or that either party may terminate the lease if repairs are not feasible. The core function of this clause is to provide clear guidance and allocate risk in the event of significant property damage, ensuring both parties understand their rights and responsibilities.
POPULAR SAMPLE Copied 1 times
Destruction of Unit. Where it has been determined that it is not practicable for a unit to be repaired or replaced and the Trust is not able to offer the resident another unit to transfer to, or an offer to transfer to a unit has been declined by the resident, in the circumstances set out in clause 29. Notice will be given in accordance with clause 31 below.
Destruction of Unit. 15.1 Total or Partial Destruction If any Unit or the Plant is totally or partially damaged or destroyed by any cause whatsoever, the Owner shall, notwithstanding any other provision of this Arrangement, promptly inform the Buyer, in writing, of such event. In addition the Owner shall, as soon as it is reasonable inform the Buyer of the likely period for which such Unit or the Plant will be unavailable for operation. The Owner shall repair, replace, rebuild or restore such Unit or the Plant with all reasonable diligence consistent with Good Operating Practice to at least as good condition or state of repair as it was prior to that damage or destruction; provided that if this Arrangement is terminated in whole or in part under the terms of Sections 15.2 or 15.3, then the Owner shall not be obligated to repair, replace, rebuild or restore such Unit or the Plant. In the event that this Arrangement is not terminated in respect of such Unit, the Owner shall regularly report to the Buyer, in writing, of the progress of the repair work, including an estimate of when the work will be completed .
Destruction of Unit. In the event the Unit are damaged by fire, tornado, earthquake, or other casualty beyond the control of ▇▇▇▇▇▇ so as to cause the Unit to be unusable, this Lease may be terminated by either party with written notice given to the other party within 30 days of such event. In the event of such termination, all unearned Rent shall be returned to Customer.
Destruction of Unit. If unit is rendered uninhabitable by fire, flood, or other natural disaster during the term of this Lease, this Lease shall be thereupon terminated.
Destruction of Unit