This office lease clause deals with the mandatory obligation of the landlord to rebuild; time periods for reconstruction; continuation of abatement periods; the appropriate "what ifs" in the event portions of the premises cannot be restored and are deemed to be indispensable; and circumstances when the landlord or tenant can elect to terminate the lease.
California Clause Dealing with Fire Damage
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Multi-State
Control #:
US-OL11024A
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Word;
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FAQ
Standard Fire insurance covers a policyholder against loss by fire and damage from several other sources. These include fires brought about by electricity, such as faulty wiring and gas explosions, as well as those caused by lightning and natural disasters.
Stoves/grills are allowed only with a valid California Campfire Permit. No Smoking, except within an enclosed vehicle or building, a developed recreation site, or in an area at least three feet in diameter barren of all flammable materials. No welding or operating acetylene or other torch with open flame.
A fire insurance policy is a type of property insurance policy, which covers the damages and losses caused to a residential or business property due to fire. This policy enables the policyholder to claim compensation for costs incurred towards repairing, replacing or reconstructing a property damaged in a fire.
Written proof of loss must be furnished to the insurer, in case of claim for loss for which this policy provides any periodic payment contingent upon continuing loss, within 90 days after the termination of the period for which the insurer is liable, and in case of claim for any other loss, within 90 days after the ...
In California, a wildfire's monetary liability is determined by its cause. So, a person or organization can be held financially responsible for the costs incurred by victims of a wildfire if the fire resulted from the careless actions of that specific person or organization.
Fire insurance is a type of insurance policy that protects the policyholder in the event that their home or property is destroyed or damaged in a fire.
While there is no state-level law requiring homeowners to have fire insurance, most mortgage lenders do require it as a condition of the loan. So if you have a mortgage on your house, it's safe to assume that fire insurance is mandatory.
All fire policies on subject matter in California shall be on the standard form, and, except as provided by this article shall not contain additions thereto.