Common use of DESTRUCTION OR CONDEMNATION OF PREMISES Clause in Contracts

DESTRUCTION OR CONDEMNATION OF PREMISES. If the Leased Premises are partially destroyed in a manner that prevents Tenant's use of the Leased Premises in a normal manner, and if the damage is reasonably repairable within sixty (60) days after the occurrence of the destruction, and if the cost of repair is less than $1,000.00, Landlord shall repair the Leased Premises and Lease payments shall xxxxx during the period of the repair. However, if the damage is not repairable within sixty (60) days, or if the cost of repair is $1,000.00 or more, or if Landlord is prevented from repairing the damage by forces beyond Landlord's control or if the property is condemned, this Lease shall terminate upon twenty (20) days written notice of such event or condition by Landlord to Tenant. If the Leased Premises are damaged or destroyed and such damage or destruction has not been caused by Tenant, Tenant shall have the right to vacate as may be provided by law.

Appears in 4 contracts

Samples: Lease Agreement, Lease Agreement, Lease Agreement

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DESTRUCTION OR CONDEMNATION OF PREMISES. If the Leased Premises are partially destroyed in a manner that prevents Tenant's use of the Leased Premises in a normal manner, and if the damage is reasonably repairable within sixty (60) days after the occurrence of the destruction, and if the cost of repair is less than $1,000.001 ,000.00, Landlord shall repair the Leased Premises and Lease payments shall xxxxx during the period of the repair. However, if the damage is not repairable within sixty (60) days, or if the cost of repair is $1,000.00 1 ,000.00 or more, or if Landlord is prevented from repairing the damage by forces beyond LandlordLand- lord's control or if the property Leased Premises is condemned, this Lease shall terminate upon twenty (20) days written notice of such event or condition by Landlord to Tenant. If the Leased Premises are damaged or destroyed and such damage or destruction has not been caused by Tenant, Tenant shall have the right to vacate as may be provided by law.

Appears in 1 contract

Samples: Lease Agreement

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