Common use of Eminent Domain and Casualties Clause in Contracts

Eminent Domain and Casualties. The Landlord shall have the option to terminate this lease if the Premises, or any substantial part thereof, are condemned or sold in lieu of condemnation or damaged by flood, storm, fire or other casualty. The Landlord shall give Tenant at least thirty (30) days written notice of any such termination. This lease shall terminate as of the date specified in the notice and the rent will be accounted for between Landlord and Tenant as of that date.

Appears in 5 contracts

Samples: Residential Rental Contract, Residential Rental Contract, Residential Rental Contract

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