Common use of Destruction or Damage of Premises Clause in Contracts

Destruction or Damage of Premises. 13.1 If the Property or any improvements are damaged or destroyed, you must: 13.1.1 make the property safe and secure; 13.1.2 if required by us, give us a report from a structural engineer as to the structural stability of the Property; and 13.1.3 clear all debris from the Property. 13.2 In the event of damage or destruction of the Property or any improvement then you must either: 13.2.1 reinstate the Property or the improvements substantially in accordance with their original design; or 13.2.2 rebuild to a different design with our prior written consent. 13.3 You must comply with clause 7 with respect to any reinstatement or rebuild under this clause 13. 13.4 Despite clause 13.2, we may at our election manage the reinstatement of the Property or the improvements substantially in accordance with their original design and deal directly with the insurer in respect of those reinstatement works (whether that insurance is in your name or in our name). If reasonably required, you will vacate the Property during the period of such reinstatement. Your obligation to pay rent will cease while you vacate the Property for this purpose, but your obligation to pay outgoings (rates, insurance etc) will continue.

Appears in 6 contracts

Samples: Secure Home Agreement, Secure Home Agreement, Secure Home Agreement

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