Which Commercial Lease Agreement
Premises. Details of the building or unit, including address, condition. Most commercial leases are entered into “as is,” meaning the tenant agrees to the condition. A) Condemnation of the premises refused. If all or a substantial part of the deposed premises is taken or acquired by a public or quasi-public authority under the power or threat of an important estate for a period other than a temporary period, the rental period ends on the day on which the property is taken over by that public or quasi-public authority and the tenant pays the rent until that time with a reasonable refund of all rents. by landlords who have been paid in advance for a period after the date of possession. In the event that, during the term of this Agreement, the excessive premises or any part thereof or more than __ of the property or common space are taken by conviction or by right to an ongoing domain or by private purchase in its place, this Agreement and the duration granted herein will be terminated at the sole discretion of the Lessor and if the Lessor terminates it, this contract ends on the day the possession is taken over by the convicted person and the basic rent reserved herein will be divided and paid in full on that date, and all prepaid basic rents will be immediately returned by the landlord to the tenant. In the event that the Lessor does not choose to terminate or terminate this Agreement as provided above, the Lessor will restore and restore the demolished premises to their condition to the extent possible immediately prior to such removal, and this Agreement shall remain in full force and effect, unless: during such restoration, the basic rent to be paid in accordance with the terms of this Agreement shall be distributed equitably in proportion to the number of square metres of the part of the premises unmasked, thereby contributing to the total area of the premises unmasked immediately before removal; provided, however, that the payment of operating costs is in no way reduced, provided that the obligations of the restoration or reconstruction lessor are limited to an amount that does not exceed the proceeds of such withdrawal (less recovery costs). Notwithstanding the foregoing, in the event that the net condemnation price received from the Lessor is not sufficient to restore or rebuild the structural parts of the destroyed premises, the Lessor shall have the opportunity to terminate and terminate this Agreement within _ days of receipt of the net judgment by the Lessor, and the Renter shall be limited to indirect damages only. D) Mutual waiver of the transfer of claims.