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.
The New Hampshire Clause Dealing with Fire Damage is a specific provision within insurance policies that addresses coverage and compensation for losses resulting from fire-related incidents. It outlines the terms, conditions, and limitations associated with fire damage claims in the state of New Hampshire. There are several types of New Hampshire Clauses Dealing with Fire Damage, each with their own specific features and requirements: 1. Fire Damage Clause: This clause is the most fundamental and standard provision found in insurance policies. It covers losses arising directly from fire, including structural damages, destruction of personal belongings, and additional expenses incurred during the aftermath of a fire. 2. Smoke Damage Clause: Some policies may include a separate clause specifically addressing damage caused by smoke or soot resulting from a fire. This clause provides coverage for expenses associated with smoke removal, professional cleaning services, and any necessary repairs due to smoke-related damages. 3. Water Damage Clause: Although primarily associated with fire sprinkler systems, this clause covers water damage resulting from firefighting efforts or burst pipes caused by fire incidents. It provides financial protection for repairs to water-logged structures, damaged personal belongings, and potential mold remediation costs. 4. Business Interruption Clause: In cases where businesses suffer fire-related damages, this clause helps compensate for loss of income during the necessary closure or temporary suspension of operations. It covers expenses such as payroll, rental fees for a temporary location, and any additional costs incurred to mitigate business interruption. 5. Additional Expense Clause: This type of clause offers coverage for additional expenses incurred as a direct result of a fire incident, such as temporary accommodations while repair work is being carried out, storage costs for salvaged belongings, or increased living expenses during the restoration process. It is crucial for policyholders in New Hampshire to thoroughly review their insurance policies to understand the specific details and exclusions outlined in these clauses. Additionally, it is recommended to consult with insurance professionals or legal experts specialized in fire damage claims to ensure proper documentation and maximize the benefits entitled to fire-affected individuals or businesses in New Hampshire.
