Landlord Insurance definition

Landlord Insurance. Landlord maintains insurance as set forth on Schedule 5.3.
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Landlord Insurance is described in Section 7.01. “Landlord’s Work” is defined in Section 2.05 and Exhibit C. “Laws” is defined in Section 4.01(a). “Maximum Rate” is defined in Section 13.04. “Mechanic’s Lien” is defined in Section 6.02. “Mortgagee” is defined in Section 11.01. “OFAC” is defined in Section 15.28(a). “Other Allowances” is defined in Section 13.02(b). “Owner” means, as of any day, the owner of fee simple title to the Land on such day. Lease, 000 Xxxx Xxxx Xxxxxx Xxxxxx: City of Norfolk Page 3
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Landlord Insurance means the following: (a) Commercial General Liability Insurance, including Contractual Liability Insurance coverage, applicable to the Building and Land, on an occurrence basis, with a minimum combined single limit of at least $5,000,000; (b) property insurance on the Building (including Tenant Improvements) and Land (including parking), and personal property related thereto, with coverage for perils as set forth under the Causes of Loss - Special Form (or, if not available at any time, then the broadest form available at such time), with coverage extended for the perils of flood and earthquake, in an amount equal to full insurable replacement cost, and with an ordinance and law endorsement, and debris removal coverage; (c) Rent Loss Insurance for not less than twelve (12) months, and not more than twenty-four (24) months; and (d) such other coverage as may be required by Landlord's lender holding a lien against the Building and Land provided that such insurance coverage is commercially reasonable given the location and physical characteristics of the Building.
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Examples of Landlord Insurance in a sentence

  • Tenant or Tenant Parties shall not sell, or permit to be kept, used or sold, in or about the Premises, any article that may be prohibited by Landlord Insurance.

  • No use shall be made or permitted to be made on the Premises, nor acts done, by Tenant or any of its invitees, contractors or agents which will increase the existing rate of insurance upon the Building in which the Premises are located or upon any other building or improvement in the Complex or cause the cancellation of any Landlord Insurance.

  • If you need emergency home assistance, please phone this number day or night.1890 253 347 Welcome to your AXA Landlord Insurance policy We are one of the largest insurance groups in the world.

  • OWNER agrees to maintain a Landlord Insurance Policy on the Property, including public liability insurance of at least $500,000, and will name AGENT as an additional insured.

  • The Landlord Insurance product can be tailored to suit the individual person.

  • The Landlord Insurance is also separate to the block policy which would be in place for most apartment buildings.

  • OWNER agrees to maintain a Landlord Insurance Policy on the Property, including public liability insurance of at least $500,000 and will name AGENT as an additional insured.

  • Most 2 lot subdivisions will not have an active Owners Corporation and therefore you will need both Building and Landlord Insurance.

  • If your rental property is a house, you need Building Insurance AND Landlord Insurance.

  • Allianz Landlord Insurance offers protection for your investment property, including the buildings and specified contents you provide for your tenants use.


More Definitions of Landlord Insurance

Landlord Insurance. With respect to the Building and Common Areas, LANDLORD shall, at LANDLORD's sole cost and expense, obtain and keep in force at all times during the term of this Lease, commercial general liability insurance in the amount of at least One Million Dollars ($1,000,000.00) combined single limit, insuring LANDLORD and TENANT against any liability arising out of the ownership, use, occupancy or maintenance of the Total Building Facilities and Office Park Common Areas and all areas appurtenant thereto. In addition, LANDLORD shall keep in force at all times during the term hereof property insurance insuring the full replacement value of the Building.
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Landlord Insurance. Landlord is responsible for carrying insurance for the benefit of Landlord, Tenant, and mortgagee which includes broad form commercial general liability on a pre-occurrence basis with an aggregate limit of not less than $10MM and a pre-occurrence limit of not less than $5MM or such greater limits as may be reasonably required from time to time; property insurance; business interruption insurance; boiler insurance; sprinkler leakage insurance; such other insurance as is customarily obtained by owner of similar properties.
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Landlord Insurance means the insurance carried by Landlord pursuant to Section 20 and Sub-Section 8(g) of this Agreement. Tenant shall be responsible only for its proportionate share of such Real Estate Taxes which would come due during the term of this Lease calculated as if such assessment had been paid over the longest period of time permitted by the applicable governmental entity.
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Related to Landlord Insurance

  • Insurance Rent the sums described in paragraph 1.1 of Schedule 4; “Insured Risks” the risks of fire (including subterranean fire), lightning, explosion, storm, flood, subsidence, landslip, heave, earthquake, burst or overflowing water pipes, tanks or apparatus, impact by aircraft or other aerial devices and any articles dropped from them, impact by vehicles, terrorism, riot, civil commotion and malicious damage to the extent, in each case, that cover is generally available on normal commercial terms in the UK insurance market at the time the insurance is taken out, and any other risks against which the Landlord reasonably insures from time to time, subject in all cases to any excesses, limitations and exclusions imposed by the insurers;10

  • Hazard Insurance A fire and casualty extended coverage insurance policy insuring against loss or damage from fire and other perils covered within the scope of standard extended hazard coverage naming the Servicer, its successors and assigns, as a mortgagee under a standard mortgagee clause, together with all riders and endorsements thereto.

  • Property Insurance is defined in Section 6.10(a).

  • Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.

  • Casualty insurance means liability insurance.

  • Mortgage guaranty insurance means surety insurance under which a mortgagee or other creditor is indemnified against losses caused by the default of a debtor.

  • Credit property insurance means insurance:

  • Standard Hazard Insurance Policy means a fire and casualty extended coverage insurance policy in such amount and with such coverage as required by this Agreement.

  • Landlord Waiver means a letter in form and substance reasonably acceptable to the Administrative Agent and executed by a landlord in respect of Inventory of a Loan Party located at any leased premises of a Loan Party pursuant to which such landlord, among other things, waives or subordinates on terms and conditions reasonably acceptable to the Administrative Agent any Lien such landlord may have in respect of such Inventory.

  • FHA Insurance means the Federal mortgage insurance authorized pursuant to Section 220, 221(d)(3), 221 (d)(4) or 223(f) of Title II of the National Housing Act of 1934, as amended.

  • Landlord means the owner, lessor or sublessor of the dwelling unit or the building of which such

  • Lessor means a person who transfers the right to possession and use of goods under a lease. Unless the context clearly indicates otherwise, the term includes a sublessor.

  • Sublandlord means the holder of sublandlord’s interest under this Sublease. In the event of any assignment or transfer of the Sublandlord’s interest under this Sublease, which assignment or transfer may occur at any time during the Term in Sublandlord’s sole discretion, Sublandlord shall be and hereby is entirely relieved of all covenants and obligations of Sublandlord hereunder accruing subsequent to the date of the transfer and it shall be deemed and construed, without further agreement between the parties hereto, that any transferee has assumed and shall carry out all covenants and obligations thereafter to be performed by Sublandlord hereunder. Sublandlord may transfer and deliver the then existing Letter of Credit to the transferee of Sublandlord’s interest under this Sublease, and thereupon Sublandlord shall be discharged from any further liability with respect thereto. In addition. Sublandlord shall comply with all of its obligations as “Tenant” under the Master Lease except to the extent that any such obligation is the obligation of Subtenant pursuant to the terms of this Sublease. Notwithstanding any other term or provision of this Sublease, the liability of Subtenant to Sublandlord for any default in Subtenant’s obligations under this Sublease shall be limited to actual, direct damages, and under no circumstances shall Sublandlord, its partners, members, shareholders, directors, agents, officers, employees, contractors, sublessees, successors and/or assigns be entitled to recover from Subtenant (or otherwise be indemnified by Subtenant) for lost revenues, lost profit or other consequential, special or punitive damages arising in connection with this Sublease for any reason, except for any breach by Subtenant under Section 12 of the Master Lease. Notwithstanding any other term or provision of this Sublease, no personal liability shall at any time be asserted or enforceable against Subtenant’s shareholders, directors, officers, or partners on account of any of Subtenant’s obligations or actions under this Sublease.

  • Insurance means (i) all insurance policies covering any or all of the Collateral (regardless of whether the Collateral Agent is the loss payee thereof) and (ii) any key man life insurance policies.

  • Bail bond insurance means a guarantee that a person will attend court when

  • Landlord Agreement means an agreement substantially in the form provided by Lender to Borrower or such other form as Lender may agree to accept.

  • Sublessor means one who conveys real property by sublease."

  • the Landlord means the party named on the first page of this Agreement and any successor and any person who has an interest as heritable proprietor in The Property, even if not named in this Agreement. The Landlord agrees to inform The Agent, in writing, of any changes to ownership of The Property, contact telephone numbers, postal or e-mail addresses as soon as possible and in any event within 7 days of the change.

  • General Liability Insurance Subcontractor shall carry minimum primary General Liability Insurance for the following amounts:

  • Lessee means a person who acquires the right to possession and use of goods under a lease. Unless the context clearly indicates otherwise, the term includes a sublessee.

  • Franchise insurance means an individual insurance policy provided through a

  • Flood Insurance means the insurance coverage provided under the National Flood Insurance Program.

  • Tenant means a person entitled under a rental agreement to occupy a dwelling unit to the exclusion of others.

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud in an aggregate amount acceptable to Seller’s regulators.

  • Tenant Inducement Costs shall not include loss of income resulting from any free rental period, it being agreed that Seller shall bear the loss resulting from any free rental period until the date of Closing and that Purchaser shall bear such loss from and after the date of Closing.

  • Bond Insurance Policy means the municipal bond insurance policy, if any, issued by the Bond Insurer that guarantees payment of principal of and interest on the Bonds and constitutes a Bond Facility under the Indenture.