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CONDEMNATION CLAUSES IN
COMMERCIAL LEASES Charles N. Parsley, Jr., EsquireCONDEMNATION CLAUSES IN COMMERCIAL LEASES Charles N. Parsley, Jr., Equitable OF CONTENTSINTRODUCTION .........................................................................................................
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What is condemnation clauses in commercial?
Condemnation clauses in commercial real estate leases outline the procedures to be followed if the property is condemned by a government entity.
Who is required to file condemnation clauses in commercial?
Both the landlord and tenant are usually required to file condemnation clauses in a commercial lease.
How to fill out condemnation clauses in commercial?
Condemnation clauses in commercial leases should be filled out by including specific language regarding the responsibilities of each party in the event of condemnation.
What is the purpose of condemnation clauses in commercial?
The purpose of condemnation clauses in commercial leases is to protect the interests of both the landlord and tenant in cases of government condemnation of the property.
What information must be reported on condemnation clauses in commercial?
Condemnation clauses in commercial leases must include details on how any condemnation proceeds will be distributed between the landlord and tenant.
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