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.
Colorado Clause Dealing with Fire Damage
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Multi-State
Control #:
US-OL11024A
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Word;
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FAQ
Arson is defined as the willful and malicious burning of the property of another. It is considered a violent crime and is treated as a felony in most states.
Notably, the act of committing arson against one's own property cannot lead to a conviction unless it is for the purpose of insurance fraud. In this context, a structure refers to any type of building, bridge, tunnel, power plant, or commercial or public tent.
(1) A person who knowingly or recklessly starts or maintains a fire or causes an explosion, on his own property or that of another, and by so doing places another in danger of death or serious bodily injury or places any building or occupied structure of another in danger of damage commits fourth degree arson.
(1) A person who knowingly sets fire to, burns, causes to be burned, or by the use of any explosive damages or destroys, or causes to be damaged or destroyed, any building or occupied structure of another without his consent commits first degree arson. (2) First degree arson is a class 3 felony.
Types of Arson First-Degree Arson - considered a violent crime and occurs when the fire is set to an occupied home or building. Second-Degree Arson - when the fire is set to an unoccupied building. Third-Degree Arson - when the fire is set to a vacant area of space like a forest or field.
California Penal Code 451 PC defines the crime of arson as willfully and maliciously setting a fire, causing, or aiding another person someone to burn a structure, forest land, or property. This serious offense is often called ?malicious arson? and a felony that carries up to nine years in state prison.