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 Mississippi Condemnation Clause is an essential component of property law in the state of Mississippi. It refers to a legal provision that empowers the government or authorized entities to acquire private property for public use while offering fair compensation to the property owner. This clause is often found in deeds, contracts, or land agreements. The Mississippi Condemnation Clause is rooted in the constitutional principle of eminent domain, which grants the government the power to take private property for public use, subject to just compensation. It serves to protect the rights of property owners by ensuring that they receive appropriate compensation when their property is acquired for public projects. There are several types of Mississippi Condemnation Clauses, each with unique attributes and considerations. These include: 1. General Condemnation Clause: This is the standard and most commonly used condemnation clause found in property deeds and contracts. It grants the government or authorized entity the authority to take possession of the property for public use, subject to the payment of fair compensation. 2. Immediate Possession Clause: This type of condemnation clause enables the government or authorized entity to take immediate possession of the property before completing the condemnation proceedings. It is usually invoked when time is of the essence, such as in cases of public emergencies. 3. Quick-Take Condemnation Clause: This clause allows the government or authorized entity to expedite the condemnation process by taking immediate possession of the property while the compensation amount is determined. It helps streamline projects that require prompt action, such as infrastructure development. 4. Temporary Condemnation Clause: In certain cases where public projects necessitate the temporary use of private property, a temporary condemnation clause may be employed. It permits the governmental body or entity to utilize the property for a specified duration while providing just compensation to the owner. 5. Partial Condemnation Clause: This type of clause comes into play when only a portion of a property is required for public use. It lays out the terms for the acquisition of the specific portion of the property while requiring appropriate compensation for the affected area. It is crucial for property owners in Mississippi to carefully study and understand the condemnation clause in their contracts or deeds. Seeking legal counsel is advisable to ensure fair treatment and compensation throughout the condemnation process.
