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.
Iowa Condemnation Clause
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US-OL11015A
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FAQ
A condemnation action is a lawsuit where a government is exercising eminent domain to procure private property for some public use or benefit.
Condemnation is the process a government or private entity uses to legally acquire property. Condemnation may be used to enforce housing and safety codes for abandoned or dilapidated properties. Authorities can condemn properties through eminent domain to seize property from their owners.
To condemn private property, the condemning authority must follow a specific procedure and pay just compensation to any party with a compensable interest in the property. A ?compensable interest? would be, for example, fee simple title, an easement right on the property, or a lease.
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?.
Condemnation is used in law, and means the same thing as sentencing; you might have heard a judge say ?I condemn you to ten years of hard labor.? Also, a very dangerous building will be sealed up and deemed uninhabitable by an act of condemnation.
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.
In Iowa, eminent domain gives the government the power to take your property, even if you don't want to sell. But under the Fifth Amendment, eminent domain must be for a ?public use,? which traditionally meant projects like roads or bridges.
Meanwhile condemnation has guilt and punishment attached to it, there is no wriggle room, no space to grow and change, there is only the consequences of actions. Conviction is about awareness. Conviction is mentioned in the Bible multiple times.