A clause that prohibits accountability for costs that result from demolishing property that is not damaged. This is frequently done due to building ordinances that require demolition of structures after they suffer a certain amount of damage.
Related information about demolition clause:
- What is a demolition clause?
Some landlords like to have the option of terminating a lease for the purposes of demolishing the building and rebuilding on the site.
- What is demolition clause? - BusinessDictionary.com
Definition of demolition clause: A clause that prohibits liability for costs incurred by demolishing property that is not damaged. This is frequently done due to ...
- demolition clause - Financial Dictionary - The Free Dictionary
A clause that allows landlords to cancel a lease in the event they decide to demolish the building. Want to thank TFD for its existence? Tell a friend about us, add ...
- What is demolition clause? - InvestorWords.com
Definition of demolition clause: A clause that prohibits accountability for costs that result from demolishing property that is not damaged. This is frequently done ...
- Demolition Clause: Definition from Answers.com
Demolition Clause In property insurance policies, provision that excludes the insurance companys liability for indemnification of the insured for the insureds.
- Understanding Your Commercial Lease - The Dental Office
Accordingly, if the demolition clause kicks in under a specific time (ie. 1 year), then it ... A demolition clause will affect the value of your practice. Expropriation ...
- Demolition Clause - Definition of the Insurance Term Demolition ...
Demolition Clause - A provision that excludes liability for costs incurred in demolishing undamaged property, often necessitated by building ordinances requiring ...
- Demolition Clause Law & Legal Definition
Demolition clause is a clause in a lease that gives a lessor the right to cancel the lease upon proper notice in the event that the lessor chooses to demolish a ...