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.
Oakland Michigan Condemnation Clause refers to a legal provision that is typically included in real estate contracts or agreements in the county of Oakland, Michigan. This clause outlines the rights and obligations of property owners and the local government regarding the condemnation of private property for public purposes. Keywords: Oakland Michigan, Condemnation Clause, real estate contracts, property owners, local government, private property, public purposes. There are several types of Oakland Michigan Condemnation Clauses, including: 1. Standard Condemnation Clause: This is the most common type of clause, which states the rights of the government to take private property for public use through eminent domain. It also specifies the compensation that property owners will receive for their property. 2. Temporary Condemnation Clause: This clause addresses situations where the government needs to acquire a property temporarily for a specific public purpose, such as road construction or utility installation. It outlines the duration of the temporary acquisition and the compensation to be paid to the property owner. 3. Involuntary Condemnation Clause: This clause focuses on situations where the government has the right to condemn a property even if the owner does not agree to the sale. It outlines the legal process by which the government can proceed with the condemnation and compensation to be given to the property owner. 4. Rights and Responsibilities Clause: This type of clause outlines the rights and responsibilities of both the property owner and the local government during the condemnation process. It may include provisions regarding notice requirements, negotiations, relocation assistance, and dispute resolution. 5. Just Compensation Clause: This clause ensures that property owners are fairly compensated for the value of their property when it is taken through condemnation. It outlines the factors to be considered in determining the compensation amount, such as market value, improvements, and any loss of business or income. The Oakland Michigan Condemnation Clause serves as a safeguard to protect the rights of property owners while allowing the government to acquire private property for public purposes. It is crucial for both parties to understand their rights and obligations under this clause to ensure a fair and lawful condemnation process.
