This office lease clause is a condemnation clause that illustrates a mild effort to deal with some of the issues In the event the whole of the building or a substantial part of the building is condemned.
The Indiana Condemnation Clause refers to a specific provision or clause contained within legal documents, typically contracts or agreements, that addresses the process of eminent domain and the compensation to be received by property owners in the state of Indiana. Eminent domain is the power of the government to take private property for public use, subject to fair compensation to the property owners. The eminent domain process in Indiana is governed by statutes and regulations that ensure property owners are adequately compensated for the loss of their property. The Indiana Condemnation Clause outlines the rights and responsibilities of both the condemning authority and the property owner throughout this process. In general, the Indiana Condemnation Clause will typically define what constitutes the public use for which the property is being taken, provide the necessary legal authorization for the condemnation, and set forth the procedures to be followed for valuation and compensation. It may also specify the timeframe within which the condemnation proceedings should occur and define the rights of the property owner during the negotiation and litigation stages. While the exact language of the Indiana Condemnation Clause can vary depending on the specific circumstances, certain keywords and terms may be relevant when discussing this topic. Some of these keywords include 'eminent domain', 'condemnation', 'fair compensation', 'public use', 'Indiana statutes', 'property valuation', 'litigation', 'negotiation', and 'property rights'. It is important to mention that there are no specific variations or types of the Indiana Condemnation Clause itself. However, the nature of the condemnation case, such as the type of property being condemned (residential, commercial, agricultural), the purpose for which it is being taken (road construction, utility installation, public building), and the specific circumstances of the case, may influence the details and provisions included in the clause. In conclusion, the Indiana Condemnation Clause is a legal provision within contracts or agreements that deals with the process of eminent domain and the compensation owed to property owners. It establishes the rights and procedures for both the condemning authority and the property owner during the condemnation process.
