Casualty Clause (Retail Lease) (Pro-Landlord) | Practical Law

Casualty Clause (Retail Lease) (Pro-Landlord) | Practical Law

A Standard Clause containing casualty provisions for use in a retail lease to protect the parties if fire damage or other casualty losses to the premises occur during the lease term. This Standard Clause favors the landlord but has integrated notes with important explanations and negotiating tips for both landlords and tenants. While retail leases are generally governed by state law, these jurisdictionally neutral clauses are useful and relevant in every state.

Casualty Clause (Retail Lease) (Pro-Landlord)

Practical Law Standard Clauses w-031-2299 (Approx. 11 pages)

Casualty Clause (Retail Lease) (Pro-Landlord)

by Practical Law Real Estate
MaintainedUSA (National/Federal)
A Standard Clause containing casualty provisions for use in a retail lease to protect the parties if fire damage or other casualty losses to the premises occur during the lease term. This Standard Clause favors the landlord but has integrated notes with important explanations and negotiating tips for both landlords and tenants. While retail leases are generally governed by state law, these jurisdictionally neutral clauses are useful and relevant in every state.