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.
Rhode Island Condemnation Clause
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US-OL11015A
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FAQ
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.?
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.
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.
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.
A condemnation action is a lawsuit where a government is exercising eminent domain to procure private property for some public use or benefit.
¶37-351, Unclaimed Property Generally, property that is unclaimed by its rightful owner is presumed abandoned after a specified period of years following the date upon which the owner may demand the property or the date upon which the obligation to pay or distribute the property arises, whichever comes first.
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.
In Rhode Island, 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.