Common use of SIGNIFICANT DAMAGE TO THE PREMISES Clause in Contracts

SIGNIFICANT DAMAGE TO THE PREMISES. In the event the premises are partially or totally damaged or destroyed by fire or other cause, the following shall apply: A. If the premises are totally damaged and destroyed, Landlord shall have the option to: (1) repair such damage and restore the premises, with this Lease Agreement continuing in full force and effect, except that Tenant(s)’s rent shall be abated while repairs are being made; or (2) give written notice to Tenant(s) terminating this Lease Agreement at any time within 30 Days after such damage, and specifying the termination date; in the event that Landlord gives such notice, this Lease Agreement shall expire, and all of Tenants' rights pursuant to this Lease Agreement shall cease. B. Landlord shall have the option to determine that the Premises are only partially damaged by fire or other cause. In that event, Landlord shall attempt to repair such damage and restore the premises within 30 days after such damage. If only part of the premises cannot be used, Tenant(s) must pay rent only for the usable part, to be determined solely by Landlord. If Landlord is unable to complete repairs within 30 Days, this Lease Agreement shall expire and all of Tenants' rights pursuant to this Lease Agreement shall terminate at the option of either party. C. In the event that Tenant(s), or their guests or invitees, in any way caused or contributed to the damage of the premises, Landlord shall have the right to terminate this Lease Agreement at any time, and Tenant(s) shall be responsible for all losses, including, but not limited to, damage and repair costs as well as loss of rental income. D. Landlord shall not be required to repair or replace any property brought onto the Premises by Tenant(s).

Appears in 2 contracts

Samples: Rental Agreement, Lease Agreement

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SIGNIFICANT DAMAGE TO THE PREMISES. In the event the premises are partially or totally damaged or destroyed by fire or other cause, the following shall apply: A. : If the premises are totally damaged and destroyed, Landlord shall have the option to: (1) repair such damage and restore the premises, with this Lease Agreement continuing in full force and effect, except that Tenant(s)’s rent shall be abated while repairs are being made; or (2) give written notice to Tenant(s) terminating this Lease Agreement at any time within 30 Days after such damage, and specifying the termination date; in the event that Landlord gives such notice, this Lease Agreement shall expire, and all of Tenants' rights pursuant to this Lease Agreement shall cease. B. . Landlord shall have the option to determine that the Premises are only partially damaged by fire or other cause. In that event, Landlord shall attempt to repair such damage and restore the premises within 30 days after such damage. If only part of the premises cannot be used, Tenant(s) must pay rent only for the usable part, to be determined solely by Landlord. If Landlord is unable to complete repairs within 30 Days, this Lease Agreement shall expire and all of Tenants' rights pursuant to this Lease Agreement shall terminate at the option of either party. C. . In the event that Tenant(s), or their guests or invitees, in any way caused or contributed to the damage of the premises, Landlord shall have the right to terminate this Lease Agreement at any time, and Tenant(s) shall be responsible for all losses, including, but not limited to, damage and repair costs as well as loss of rental income. D. . Landlord shall not be required to repair or replace any property brought onto the Premises by Tenant(sXxxxxx(s).

Appears in 1 contract

Samples: Rental Agreement

SIGNIFICANT DAMAGE TO THE PREMISES. In the event the premises are partially or totally damaged or destroyed by fire or other cause, the following shall apply: A. : If the premises are totally damaged and destroyed, Landlord shall have the option to: (1) repair such damage and restore the premises, with this Lease Agreement continuing in full force and effect, except that Tenant(s)’s rent shall be abated while repairs are being made; or (2) give written notice to Tenant(s) terminating this Lease Agreement at any time within 30 Days after such damage, and specifying the termination date; in the event that Landlord gives such notice, this Lease Agreement shall expire, and all of Tenants' rights pursuant to this Lease Agreement shall cease. B. . Landlord shall have the option to determine that the Premises are only partially damaged by fire or other cause. In that event, Landlord shall attempt to repair such damage and restore the premises within 30 days after such damage. If only part of the premises cannot be used, Tenant(s) must pay rent only for the usable part, to be determined solely by Landlord. If Landlord is unable to complete repairs within 30 Days, this Lease Agreement shall expire and all of Tenants' rights pursuant to this Lease Agreement shall terminate at the option of either party. C. . In the event that Tenant(s), or their guests or invitees, in any way caused or contributed to the damage of the premises, Landlord shall have the right to terminate this Lease Agreement at any time, and Tenant(s) shall be responsible for all losses, including, but not limited to, damage and repair costs as well as loss of rental income. D. . Landlord shall not be required to repair or replace any property brought onto the Premises by Tenant(s).

Appears in 1 contract

Samples: Lease Agreement

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SIGNIFICANT DAMAGE TO THE PREMISES. In the event the premises are partially or totally damaged or destroyed by fire or other cause, the following shall apply: A. If the premises are totally damaged and destroyed, Landlord shall have the option to: (1) repair such damage and restore the premises, with this Lease Agreement continuing in full force and effect, except that Tenant(s)’s rent shall be abated while repairs are being made; or (2) give written notice to Tenant(s) terminating this Lease Agreement at any time within 30 Days after such damage, and specifying the termination date; in the event that Landlord gives such notice, this Lease Agreement shall expire, and all of Tenants' rights pursuant to this Lease Agreement shall cease. B. Landlord shall have the option to determine that the Premises are only partially damaged by fire or other cause. In that event, Landlord shall attempt to repair such damage and restore the premises within 30 days after such damage. If only part of the premises cannot be used, Tenant(s) must pay rent only for the usable part, to be determined solely by Landlord. If Landlord is unable to complete repairs within 30 Days, this Lease Agreement shall expire and all of Tenants' rights pursuant to this Lease Agreement shall terminate at the option of either party. C. In the event that Tenant(s), or their guests or invitees, in any way caused or contributed to the damage of the premises, Landlord shall have the right to terminate this Lease Agreement at any time, and Tenant(s) shall be responsible for all losses, including, but not limited to, damage and repair costs as well as loss of rental income. D. Landlord shall not be required to repair or replace any property brought onto the Premises by Tenant(sXxxxxx(s).

Appears in 1 contract

Samples: Residential Lease Agreement

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