Condemnation Clause Real Estate

Condemnation is the act of declaring something awful or evil. If your little brother does something unspeakably awful, express your condemnation so he will learn not to do it again.

Defining Condemnation LawCondemnation is when a local, state, or federal government seizes private property from an owner and then compensates that owner for the property.In other words, the government doesn't need an owner's approval during condemnation.

In a total condemnation the lease is terminated as soon as the condemning party takes possession of the property. This occurs because there is no longer any property to lease. In a partial condemnation, typically both the landlord and the tenant have the option to terminate the lease, usually with 30 days notice.

Condemning Authority means any person or entity with a statutory or other power of eminent domain.Condemning Authority means any public or quasi-public authority, or private corporation or individual, having the power of condemnation.

A taking by eminent domain proceedings generally terminates a lease. Foreclosure. A foreclosure extinguishes all prior interests in a property, including a leasehold. Death of tenant or landlord, with qualifications.

Typically, a condemnation clause permits a landlord or a tenant to either terminate the lease or abate the rent in the event of a government "taking" of the leased property.

Condemning Authority - This term refers to a government or private entity that has the power to take private property by eminent domain.

Eminent domain is the right of the government to seize property and transfer from private to public ownership. Condemnation is the legal process utilized by the government to seize property via eminent domain.The government is required to provide "just compensation" for the condemned property.