TOTAL DESTRUCTION OF BUSINESS USE. In the event of a destruction or damage of the Leased Premises including the parking area (if parking area is a part of this lease) so that Tenant is not able to conduct its business on the Premises or the then current legal use for which the Premises is being used and which damages cannot be repaired within one hundred eighty (180) days this lease may be terminated at the option of either the Landlord or Tenant. Such termination in such event shall be effected by written notice of one party to the other, within thirty (30) days after such destruction. Tenant shall surrender possession within ten (10) days after such notice issues and each party shall be released from all future obligations, and Tenant shall pay rent pro rata only to the date of such destruction. In the event of such termination of this lease, Landlord at its option, may rebuild or not, at its discretion.
TOTAL DESTRUCTION OF BUSINESS USE. In the event of a destruction or damage of the leased premises including the parking area (if a parking area is a part of the subject matter of this lease) so that Tenant is not able to conduct its business on the premises and the damage cannot be repaired within sixty (60) days, this lease may be terminated at the option of either the Landlord or Tenant. Such termination in such event shall be effected by written notice of one party to the other, within twenty (20) days after such destruction. Tenant shall surrender possession within ten (10) days after such notice issues, and each party shall be released from all future obligations hereunder, Tenant paying rent pro rate only to the date of such destruction. In the event of such termination of this lease, Landlord at its option, may rebuild or not, according to its own wishes and needs.
TOTAL DESTRUCTION OF BUSINESS USE. In the event of a destruction or damage of the leased premises including the parking so that Tenant is not able to conduct its business on the premises or the then current legal use for which the premises are being used and which damages cannot be repaired within 120 days, this Lease may be terminated at the option of either the Landlord or Tenant. Such termination in such event shall be effected by written notice of one party to the other, within 20 days after such destruction. Tenant shall surrender possession within 30 days after such notice issues and each party shall be released from all future obligations, and Tenant shall pay rent pro rata only to the date of such destruction. In the event of such termination of this lease, Landlord at its option, may rebuild or not, at its discretion.
TOTAL DESTRUCTION OF BUSINESS USE. In the event of destruction or damage of the Leased Area so that Tenant is not able to conduct its business on the premises for the then current legal use for which the premises are being used and which damages cannot be repaired within 60 days, this lease may be terminated at the option of either Landlord or Tenant. Such termination in such event shall be effected by written notice of one party to the other, within 20 days after such destruction. Tenant shall surrender possession within 10 days after such notice issues, and each party shall be released from all future obligations hereunder, Tenant paying rental prorata to the date of such destruction. In the event of such termination of this lease, Landlord at its option may rebuild or not, according to its own wishes and needs.
TOTAL DESTRUCTION OF BUSINESS USE. In the event of a destruction or damage of the leased premises including the parking area (if parking area is a part of this lease) so that Tenant is not able to conduct its business on the premises or the then current legal use for which the premises are being used and which damages cannot be repaired within 30 days this lease may be terminated at the option of either the Landlord or Tenant. Such termination in such event shall be effected by written notice of one party to the other, within 20 days after such destruction. Tenant shall surrender possession within 10 days after such notice issues and each party shall be released from all future obligations, and Tenant shall pay rent pro rata only to the date of such destruction. In the event of such termination of this lease, Landlord at its option, may rebuild or not, at its discretion. The Iowa State Bar Association 2016 Form No. 164, Lease - Business Property IowaDocs® Revised January 2016
TOTAL DESTRUCTION OF BUSINESS USE. In the event of the destruction or damage of the Leased Properties, including the parking area, so that Tenant is not able to conduct its business on the premises, for the then current legal use for which the premises are being used and which are damages that cannot be repaired within 60 days, this Lease may be terminated at the option of either Landlord or Tenant. Such termination in such event shall be affected by written notice of one party to the other party, within twenty (20) days after such destruction. Tenant shall render possession within ten (10) days after such notice issues; and, each party shall be released from all future obligations hereunder, subject to the provision that in the event Tenant is able to use a portion of the premises, Tenant shall pay prorated rental after destruction of a portion of said leased premises. In the event of such termination of this Lease, Landlord, at its option, may rebuild or not, according to its own wishes and needs.
TOTAL DESTRUCTION OF BUSINESS USE. In the event of extensive destruction or damage of the leased premises, including the parking area so that Tenant is not able to conduct its business on the premises or the then current legal use for which the premises are being used, this lease may be terminated at the option of either the Landlord or Tenant, such termination in such event shall be effected by written notice of one party to the other, within 20 days after such destruction. Tenant shall surrender possession within 10 days after such notice issues, and the Lease shall terminate on the effective date of termination, and the parties shall be released from all future obligations under the lease, except to the extent of obligations which arose or accrued prior to termination, all of which obligations shall survive the termination of the Lease, Tenant paying rental pro rata only to the date of such destruction. In the event of such termination of this lease, Landlord at its option may rebuild or not, according to its own wishes and needs.
