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 Nebraska Condemnation Clause, also known as an eminent domain clause, is a legal provision that outlines the rights and procedures in situations where the government exercises its power of eminent domain to acquire private property for public use. This clause is typically included in contracts or agreements involving the sale or transfer of real estate in the state of Nebraska. In Nebraska, there are two main types of condemnation clauses: the "blanket" condemnation clause and the "partial taking" condemnation clause. A "blanket" condemnation clause, also known as an "all-or-nothing" clause, grants the government full authority to acquire the entire property being conveyed if it is designated for public use. This type of clause provides the government the flexibility to determine the extent of the taking and can result in the complete acquisition of the property. On the other hand, a "partial taking" condemnation clause allows the government to acquire only a portion of the property, leaving the remaining portion with the property owner. This type of clause is often preferred by property owners as it allows them to retain a portion of their property and potentially continue to use or develop it for other purposes. Both types of condemnation clauses in Nebraska ensure that property owners are compensated fairly for the value of their property being taken by the government. The clause typically specifies the process through which the government will determine the compensation, which may involve appraisals, negotiations, or legal proceedings if an agreement cannot be reached. To initiate the condemnation process, the government must provide a notice to the property owner, detailing the intent to take the property and the purpose for which it is being taken. Property owners then have the right to challenge the government's actions and seek just compensation for their loss. In conclusion, the Nebraska Condemnation Clause is an important legal provision in real estate transactions that addresses the rights and procedures related to eminent domain. By understanding the different types of condemnation clauses and the associated processes, property owners can protect their interests and ensure fair compensation when faced with the potential acquisition of their property by the government.
