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.
New Hampshire Condemnation Clause
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FAQ
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?.
Is Condemnation the Same As Eminent Domain? While the two terms are sometimes used interchangeably, there is a subtle difference. Eminent domain grants a government the right to take over a property. condemnation is the actual act of taking it over.
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 New Hampshire, 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.
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.
Eminent domain is the right of the government to take private property and convert it to public use. Condemnation is the process by which a government agency can exercise this power. These processes are rooted in the Constitution. The Fifth Amendment requires government to pay landowners ?just compensation.?
7 Eminent Domain Examples PennEast Pipeline Co. v. New Jersey (2021) ... Puntenney v. Iowa Utilities Board (2019) ... Kelo v. City of New London (2005) ... Berman v. Parker (1954) ... Chicago, Burlington & Quincy Railroad Co. v. ... United States v. Gettysburg Electric Railway Co. ... Kohl v. The United States (1875)