This office lease clause is the short form for dealing with the destruction of the premises and the conditions and obligations of the landlord to restore and accommodate the tenants.
This office lease clause is the short form for dealing with the destruction of the premises and the conditions and obligations of the landlord to restore and accommodate the tenants.
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The Casualty (or Damage & Destruction) clause of a lease dictates what is to occur between the parties in the event the Building, Project or Premises is damaged due to a fire or other casualty (i.e., a natural disaster).
Tenant shall use the Premises only in conformance with applicable governmental laws, regulations, rules and ordinances for the purpose of general office, light manufacturing, research and development, and storage and other uses necessary for Tenant to conduct Tenant's business, provided that such uses shall be in ...
A commercial make good provision is a clause in a lease that requires a tenant to return a property to its original condition before handing back the keys. Make good clauses require tenants to remove their property from the space and leave the area clean and tidy.
For example, the original tenant might have put holes in the wall to make a new passageway or undertaken other major work on the property. At the end of the lease, the new tenant must fix those issues and return the property to the condition that it was in at the start of the lease.