Examples of clauses regarding Fire or other Casualty (i.e. destroyed via fire or other means of casualty). If during the term of this Lease the Premises are damaged or destroyed by fire or other casualty, Landlord agrees, at its sole expense, promptly to repair and restore the Premises in the same condition they were in immediately prior to the damage or destruction.
Yes, typically there are deadlines for filing claims. Make sure to check your specific clause so you don’t miss the boat!
Absolutely! Each property can have its own rules and details, so always read the fine print to know what you’re getting into.
In that case, things can get a bit murky. You might face disputes with insurance or the other party, so having clear language is key.
Having a lawyer can be helpful, but many people can figure it out with a little research. Just make sure you understand all the terms!
Keep an eye out for details about the type of damages covered, how repairs will be handled, and who’s responsible for what.
It’s a real lifesaver! It protects homeowners by specifying how damages are handled, ensuring you’re not left high and dry.
A casualty clause is a part of a contract that outlines what happens if a property gets damaged or destroyed due to an unexpected event, like a fire or flood.