Commercial leases and insurance claims
This paper provides guidance on commercial leases, focusing on claims involving tenanted premises. It includes purpose of a lease, structure of a typical lease & important aspects for insurance claims.
Common issues that arise are questions as to who is responsible for what, once damage has occurred. This particularly relates to things the tenant may have changed in the building and also things the tenant has brought into the building, some of which may be regarding as fixtures or additions. Rent cessation is another area of potential dispute. The author explores these issues and considers the Berni Inn case.
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