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.
Minnesota Condemnation Clause
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FAQ
"Abandoned property" means property that: (1) has been substantially unoccupied or unused for any commercial or residential purpose for at least one year by a person with a legal or equitable right to occupy the property; (2) has not been maintained; and (3) for which taxes have not been paid for at least two previous ...
Condemnation in the legal sense refers to when a government exercises its eminent domain powers to seize private property for public use. Both local/state governments and the Federal Government have the authority to condemn property.
Condemnation, also called eminent domain or a ?taking,? is the right of a government or its agent to take private property for public use, with payment of compensation. In a condemnation action, the government takes both physical possession and legal title to the property.
A Condemnation proceeding is commenced when a government or other public service entity files an action to take property for a public purpose (e.g. highways, parks, schools, utilities, etc.). This typically involves more than one parcel of land. Hennepin County averages about 15-20 Condemnation cases filed per year.
Condemnation process It is vacant and boarded for more than 60 days. ... An inspector finds it to be unsafe and cites specific hazards. An inspector has assigned the property a score that qualifies it for condemnation due to general poor condition. Utilities have been discontinued. There is a housing hygiene problem.
345.75 ABANDONED TANGIBLE PERSONAL PROPERTY. If property has not been removed within six months after it comes into the possession of a person, it is abandoned and shall become the property of the person in possession, after notice to the prior owner.
The law requires properties to be blighted in order to be condemned, proving actual danger to the public or a public threat to health.