This office lease clause states that the tenant shall be entitled to a conditional rent credit against each monthly installment of fixed rent payable during such rent credit period, but during such rent credit period the tenant shall otherwise be required to comply with all of the other terms, covenants and conditions of this lease on the tenant's part to be observed and performed, including but not limited to, payment of any increases in fixed as long as the tenant is not in default.
Colorado Rent Abatement Clause Providing for a Landlord Remedy and Damages is a legal provision included in lease agreements to address situations where the tenant is unable to occupy or fully utilize the rental property due to circumstances beyond their control. This clause allows landlords to provide a remedy and seek damages for any loss of income resulting from the tenant's inability to pay rent during the specified period. In Colorado, there are different types of Rent Abatement Clauses that provide various remedies and damages for landlords. These can be classified into: 1. Natural Disaster Rent Abatement Clause: This type of clause applies when a natural disaster, such as wildfires, floods, or severe storms, renders the rental property uninhabitable. In this case, the tenant may be entitled to abate or reduce the rent during the period of unavailability, but landlords can seek damages for the lost rent. 2. Construction/Repair Rent Abatement Clause: In situations where the rental property requires significant repairs or undergoes construction work that directly impacts the tenant's ability to occupy and enjoy the premises, this type of clause comes into play. The tenant may be entitled to a rent reduction corresponding to the period of inconvenience, but landlords can claim damages due to the resultant loss of rental income. 3. Emergency Repairs Rent Abatement Clause: This clause kicks in when immediate repairs are needed to address a critical issue that affects habitability or poses a safety risk. The tenant may be allowed to withhold rent partially or entirely until the repairs are completed, but landlords can seek damages for any unpaid rent during the time of inconvenience. 4. Governmental Action Rent Abatement Clause: If a government agency issues an order or makes a decision that inhibits the tenant's use of the rental property, such as condemning the property or suspending its occupancy, this clause comes into play. In such cases, the tenant may be entitled to a temporary rent reduction or abatement, while landlords can seek damages for the lost income during the restricted period. It's essential for both landlords and tenants in Colorado to carefully review and understand the Rent Abatement Clause before signing a lease agreement. Tenants should ensure the clause provides reasonable remedies and conditions, while landlords should protect their rights to seek appropriate damages for any loss of rental income during the outlined circumstances. Consulting a legal professional can provide guidance and assistance in drafting or interpreting these clauses accurately.
