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.
Utah Condemnation Clause
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US-OL11015A
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FAQ
Condemnation in the legal sense refers to when a government exercises its eminent domain powers to seize private property for public use. Both local/state governments and the Federal Government have the authority to condemn property.
In contrast to condemnation cases, in which it is presumed that the government has taken something for which it must pay just compensation, regulatory takings cases often focus on two factors: whether the regulations leave the owner with an economically viable use of property or interfere with the owner's investment- ...
The Takings Clause of the Fifth Amendment to the United States Constitution reads as follows: ?Nor shall private property be taken for public use, without just compensation.? In understanding the provision, we both agree that it is helpful to keep in mind the reasons behind it.
A house is condemned when your county building code inspector or county health department deems it unfit or unsafe to live in. This process can take some time though. It's not an over-night process from a property becoming condemned to it no longer being condemned.
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.?
The cooling-off rule: If you buy something at your home, workplace, dorm, or at a short-term business place like a convention or hotel room rented by the seller, you get 3 days after the sale to cancel it. But, not if the entire sale is done over the phone or by mail. And, not if the price is less than $25.00.
Also known as the "Takings Clause," it states: "nor shall private property be taken for public use, without just compensation." This provision does not prohibit the United States from acquiring property from private owners, but rather conditions such 'taking' on the payment of just compensation.
?Eminent domain? (sometimes referred to as ?condemnation?) is the power to compel the sale of private property to a condemning agency for a public purpose, subject to payment of just compensation. A condemning agency may file an action with a court, seeking an order forcing the property owner to transfer ownership.