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.
Palm Beach Florida Condemnation Clause
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Multi-State
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Palm Beach
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US-OL11015A
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FAQ
Condemnation, also known as eminent domain, is a legal process whereby a governmental entity or utility exercises its sovereign right to take all or part of an owner's private commercial land for public use.
Condemnation lease clauses may provide for leasehold termination, leasehold extension options, restoration obligations, apportionment, bonus value, abatement of rent, and may address relocation rights. It is often best to simply provide that the tenant may pursue all available remedies under common law.
Transitive verb. 1 : to declare to be reprehensible, wrong, or evil usually after weighing evidence and without reservation a policy widely condemned as racist. 2a : to pronounce guilty : convict.
Eminent domain is initiated by the government. By contrast, inverse condemnation is initiated by the property owner when the government exacts a taking without following the eminent domain procedures. These are often land-use disputes in which a property owner challenges development restrictions.
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.
Eminent domain refers to the power of the government to take private property and convert it into public use. The Fifth Amendment provides that the government may only exercise this power if they provide just compensation to the property owners.
How Does a House Get Condemned? Unsanitary living conditions ( Hoarder Houses, Utilities like plumbing turned off ) Vacant Building ( Abandoned for X amount of years and is causing safety concerns ) Infrastructure failure. Utilities have been discontinued. The building is considered dilapidated.
While the two terms are sometimes used interchangeably, there is a subtle difference. Eminent domain grants a government the right to take over a property. condemnation is the actual act of taking it over.
While the two terms are sometimes used interchangeably, there is a subtle difference. Eminent domain grants a government the right to take over a property. condemnation is the actual act of taking it over.
Condemnation is the acquisition or taking of private property for a public purpose. The right to condemn is sometimes referred to as the right or power of eminent domain.
