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Condemnation Clauses for Commercial Leases

Condemnation Clauses for Commercial Leases

The Condemnation clause is an often overlooked clause in negotiating a commercial lease.  Even though it rarely comes in play, it is well worth negotiating just in case to protect the many years of blood, sweat and tears a lessee/business owner has put in to the business.  A condemnation clause dictates how compensation to the property owner is allocated to the tenant(s) at the property in the case that the property is seized via eminent … Read entire article »

Filed under: Business Tips, Commercial Leasing, Landlord, Negotiation