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 Resident’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, University 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 University is prevented from repairing the damage by forces beyond University’s control or if the property is condemned, this Lease shall terminate upon twenty (20) days written notice of such event or condition by University to the Resident. If the Leased Premises are damaged or destroyed and such damage or destruction has not been caused by the Resident, Resident shall have the right to vacate as may be provided by law.

Appears in 3 contracts

Samples: Month Lease Agreement, Month Lease Agreement, Month Lease Agreement

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DESTRUCTION OR CONDEMNATION OF PREMISES. If the Leased Premises are partially destroyed in a manner that prevents Resident’s '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 destruction, and if the cost of repair is less than $1,000.00, University shall repair the Leased Premises and Lease Payments 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 University is prevented from repairing the damage by forces beyond University’s 's control or if the property is condemned, this Lease shall terminate upon twenty (20) days written notice of such event or condition by University to the Resident. If the Leased Premises are damaged or destroyed and such damage or destruction has not been caused by the Resident, Resident shall have the right to vacate as may be provided by law.

Appears in 2 contracts

Samples: Renewal Lease Agreement, Renewal Lease Agreement

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