Common use of Property and Rental Income Insurance Clause in Contracts

Property and Rental Income Insurance. During the Lease Term, Tenant shall maintain policies of insurance covering loss of or damage to the Property in the full amount of its replacement value. The deductible amounts under such policies shall not exceed Twenty Thousand Dollars ($20,000) per occurrence. Such policy shall contain an Inflation Guard Endorsement and shall provide protection against all perils included within the classification of fire, extended coverage, vandalism, earthquake, malicious mischief, special extended perils (all risk), sprinkler leakage and any other perils which Landlord deems reasonably necessary. Landlord shall have the right to require Tenant to obtain flood and/or earthquake insurance if required by any lender holding a security interest in the Property. Tenant shall obtain insurance for Tenant's fixtures or equipment or building improvements installed by Tenant on the Property. During the Lease Term, Tenant shall also maintain a rental income insurance policy, with loss payable to Landlord, in an amount equal to twelve (12) months' Base Rent, plus estimated real property taxes and insurance premiums. Tenant shall be liable for the payment of any deductible amount under the insurance policies maintained pursuant to Paragraph 4.4(a) or this Paragraph 4.4(b). Tenant shall not do or permit anything to be done which invalidates any such insurance policies. All property insurance and rental income insurance shall provide for all payments of proceeds to be made to Landlord (and/or lender(s) designated by Landlord).

Property and Rental Income Insurance. During the Lease Term, Tenant Landlord shall maintain policies of insurance covering loss of or damage to the Property in the full amount of its replacement value. The deductible amounts under such policies shall not exceed Twenty Thousand Dollars ($20,000) per occurrence. Such policy shall contain an Inflation inflation Guard Endorsement and shall provide protection against all perils included within the classification of fire, extended coverage, vandalism, earthquake, malicious mischief, special extended perils (all risk), sprinkler leakage and any other perils which Landlord deems reasonably necessary. Landlord shall have the right to require Tenant to obtain flood and/or and earthquake insurance if required by any lender holding a security interest in the Property. Tenant Landlord shall not obtain insurance for Tenant's fixtures or equipment or building improvements installed by Tenant on the Property. During the Lease Term, Tenant Landlord shall also maintain a rental income insurance policy, with loss payable to Landlord, in an amount equal to twelve one (121) months' year's Base Rent, plus estimated real property taxes and insurance premiums. Tenant shall be liable for the payment of any deductible amount under the Landlord's or Tenant's insurance policies maintained pursuant to Paragraph 4.4(a) or this Paragraph 4.4(bSection 4.04, in an amount not to exceed TWENTY THOUSAND DOLLARS ($20,000.00). Tenant shall not do or permit anything to be done which invalidates any such insurance policies. All property insurance and rental income insurance shall provide for all payments of proceeds to be made to Landlord (and/or lender(s) designated by Landlordc).

Property and Rental Income Insurance. During the Lease Term, Tenant Landlord shall maintain policies of insurance covering loss of or damage to the Property in the full amount of its replacement value. The deductible amounts under such policies shall not exceed Twenty Thousand Dollars ($20,000) per occurrence. Such policy shall contain an Inflation Guard Endorsement and shall provide protection against all perils included within the classification of fire, extended coverage, vandalism, earthquake, malicious mischief, special extended perils (all risk), sprinkler leakage and any other perils which Landlord deems reasonably necessary. Landlord shall have the right to require Tenant to obtain flood and/or and earthquake insurance if required by any lender holding a security interest in the Property. Tenant Landlord shall not obtain insurance for Tenant's fixtures or equipment or building improvements installed by Tenant on the Property. During the Lease Term, Tenant Landlord shall also maintain a rental income insurance policy, with loss payable to Landlord, in an amount equal to twelve (12) months' one year's Base Rent, plus estimated real property taxes and insurance premiums. Tenant shall be liable for the payment of any deductible amount under the Xxxxxxxx's or Tenant's insurance policies maintained pursuant to Paragraph 4.4(a) or this Paragraph 4.4(bSection 4.04, in an amount not to exceed Ten Thousand Dollars ($10,000). Tenant shall not do or permit anything to be done which invalidates any such insurance policies. All property insurance and rental income insurance shall provide for all payments of proceeds to be made to Landlord (and/or lender(s) designated by Landlord).Xxxxxxxx Properties 3 Initials______

Property and Rental Income Insurance. During the Lease Term, Tenant Landlord and Association shall maintain policies of insurance covering loss of or damage to the Property Property, including tenant improvements, in the full amount of its replacement value. The deductible amounts under such Such policies shall not exceed Twenty Thousand Dollars ($20,000) per occurrence. Such policy shall contain an Inflation Guard Endorsement and shall provide protection against all perils included within the classification of fire, extended coverage, vandalism, earthquake, malicious mischief, special extended perils (all risk), sprinkler leakage and any other perils which Landlord deems and Association deem reasonably necessary. Landlord and Association shall have the right to require Tenant to obtain flood and/or and earthquake insurance if required by any lender holding a security interest in the PropertyProperty other than the tenant improvements as noted in this Lease. Tenant Landlord shall not obtain insurance for Tenant's fixtures or equipment or building improvements installed by Tenant on the PropertyProperty other than the Tenant improvements as noted in this Lease. During the Lease Term, Tenant Landlord shall also maintain a rental income insurance policy, with loss payable to Landlord, in an amount equal to twelve (12) months' one year's Base Rent, plus estimated real property taxes and insurance premiums. Tenant shall be liable for the payment of any deductible amount under the Landlord's or Tenant's insurance policies maintained pursuant to Paragraph 4.4(athis Section 4.04, in an amount not to exceed Ten Thousand Dollars ($10,000.00) or this Paragraph 4.4(b)per occurrence. Tenant shall not do or permit anything to be done which invalidates any such insurance policies. All property insurance and rental income insurance shall provide for all payments of proceeds to be made to Landlord (and/or lender(s) designated by Landlordc).

Property and Rental Income Insurance. During the Lease Term, Tenant Landlord shall maintain policies of insurance covering loss of or damage to the Property in the full amount of its replacement value. The deductible amounts under such policies shall not exceed Twenty Thousand Dollars ($20,000) per occurrence. Such policy shall contain an Inflation Guard Endorsement and shall provide protection against all perils included within the classification of fire, extended coverage, vandalism, earthquake, malicious mischief, special extended perils (all risk), sprinkler leakage and any other perils which Landlord deems reasonably necessary. Landlord shall have the right to require Tenant to obtain flood and/or and earthquake insurance if required by any lender holding a security interest in the Property. Tenant Landlord shall not obtain insurance for Tenant's fixtures or equipment or building improvements installed by Tenant on the Property. During the Lease Term, Tenant Landlord shall also maintain a rental income insurance policy, with loss payable to Landlord, in an amount equal to twelve (12) months' one year's Base Rent, plus estimated real property taxes and insurance premiums. Tenant shall be liable for the payment of any deductible amount under the Landlord's or Tenant's insurance policies maintained pursuant to Paragraph 4.4(a) this Section 4.04, in an amount not to exceed Ten Thousand Dollars ($10,000.00). Notwithstanding the foregoing, for policies maintained by Landlord, Tenant shall pay Tenant's pro rata share of the deductible unless the claim is caused by any act or this Paragraph 4.4(b)omission of Tenant in which case Tenant shall be liable for 100% of the deductible amount. Tenant shall not do or permit anything to be done which invalidates any such insurance policies. All property insurance and rental income insurance shall provide for all payments of proceeds to be made to Landlord (and/or lender(s) designated by Landlordc).