Casualty Clause (Commercial Lease) (Pro-Landlord) | Practical Law
A Standard Clause containing casualty provisions for use in a commercial real estate lease to protect the parties if fire damage or other casualty losses to the premises occur during the lease term. These casualty provisions favor the landlord but contain integrated drafting notes with helpful guidance and negotiating tips for landlords and tenants. While commercial real estate leases are generally governed by state law, these jurisdictionally neutral clauses are useful and relevant in every state.