Some Popular Misconceptions About Property Insurance
- Topics:
- Property
- Source:
- Reed Elsevier
FREE Registration is required
Vendor Registration: required
Overview: Property insurance carried by shopping center landlords is designed to provide, the amount of money required by the landlord to restore the common area and building improvements in compliance with all codes and regulations, and to replace up to one year of abated effective rent pending the resumption of tenant rentals after reconstruction has been completed and access to the premises has been restored. Too often, out of date lease forms are still in use that prescribe property insurance requirements that are no longer available or which cannot be purchased at commercially reasonable rates. This article discusses some misconceptions relating to the property. Finally, consideration must be given to the interaction between the lease provisions allocating responsibility for carrying property insurance between the landlord and the tenant and the lease provisions regarding indemnification against claims, actions and proceedings, brought against either of the them, seeking compensation for damage to property, and the need for consistency.
(Is this item miscategorized? Does it need more tags? Let us know.)
Format: HTML | Date: Nov 2003 | Pages: 1
People who downloaded this item also downloaded
 |
What Every Buyer and Seller Should Know About Title Insurance |
|
An Overview of Recent Development in Residential and Commercial Property Insurance |
|
Property Insurance |
