This office lease clause is the long form for dealing with the destruction of the premises and the conditions and obligations of the landlord to restore and accommodate the tenants.
New Mexico Destruction Clause Long Form
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Multi-State
Control #:
US-OL11024B
Format:
Word;
PDF
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FAQ
A restoration clause will state if you need to remove any alterations you made to the property before you leave it. Restoring the space could be costly. You will likely have to pay for the removal of the improvements and restoration of the space.
A Rental Unit Must Be a Clean And Safe Place To Live. Landlords must make sure the home has services that are provided to it, including water, heat, and pest control.
Ing to the Fair Housing Act and the New Mexico landlord-tenant laws, the tenant cannot be discriminated against for their sexual orientation, national origin, religion, disability, race, color, or sex.
Rent Increases: Rent control is banned in New Mexico (NMSA § 47-8A-1). Late Fees: 10% of monthly rent (NMSA § 47-8-15(D)). Grace Period: There is no mandatory grace period in New Mexico.
The Casualty (or Damage & Destruction) clause of a lease dictates what is to occur between the parties in the event the Building, Project or Premises is damaged due to a fire or other casualty (i.e., a natural disaster).
A damage and destruction clause in a commercial lease outlines the rights and. obligations of both the landlord and the tenant in the event that the leased premises are damaged or destroyed during the lease term or any extension or renewal thereof.