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.
Arkansas Condemnation Clause
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US-OL11015A
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FAQ
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.
Criminal Offenses § 5-62-103. Offense of cruelty to animals. (6) Carries or causes to be carried in or upon any motorized vehicle or boat an animal in a cruel or inhumane manner.
Terroristic threatening. (1) A person commits the offense of terroristic threatening in the first degree if: (A) With the purpose of terrorizing another person, the person threatens to cause death or serious physical injury or substantial property damage to another person; or.
Theft of property. (2) Obtains the property of another person by deception or by threat with the purpose of depriving the owner of the property. (C) The property is a decorative or memorial item from a cemetery, graveyard, or a person's grave site.
Theft of Services (AR Code §5-36-104): You may face a theft of services charge if, with the intent to defraud another person or business, you obtain services you know are available for compensation by the use of threats, deception, or other methods to avoid payment.
(a) The State Highway Commission may exercise its power of eminent domain by filing an appropriate petition in condemnation in the circuit court of the county in which the property sought to be taken is situated, to have the compensation for right-of-way determined, giving the owner of the property to be taken at least ...
Theft of property. (2) Obtains the property of another person by deception or by threat with the purpose of depriving the owner of the property. (C) The property is a decorative or memorial item from a cemetery, graveyard, or a person's grave site.
In the simplest terms, condemnation is when a government agency, or a private agency with eminent domain, tries to assert ownership over private property. This means these agencies lay claim to the property, in exchange for ?just compensation?.