Break clauses - a problem area for both insured and insurers
Robinson, R.
Break clauses - a problem area for both insured and insurers - 1996 - Property Journal 21(8) September 1996, 10-12(3) .
Discusses Casualty or Insurance break clauses which come into effect following damage by fire or other insurable perils. Problems can arise when the lease has a long time to run, the passing rent exceeds the market rent, the break clause has been badly drafted and a replacement tenant would be hard to find.
BREAK CLAUSES
CASUALTY BREAK CLAUSES
INSURANCE BREAK CLAUSES
LONG LEASES
PASSING RENTS
Break clauses - a problem area for both insured and insurers - 1996 - Property Journal 21(8) September 1996, 10-12(3) .
Discusses Casualty or Insurance break clauses which come into effect following damage by fire or other insurable perils. Problems can arise when the lease has a long time to run, the passing rent exceeds the market rent, the break clause has been badly drafted and a replacement tenant would be hard to find.
BREAK CLAUSES
CASUALTY BREAK CLAUSES
INSURANCE BREAK CLAUSES
LONG LEASES
PASSING RENTS