Lease terms governing damage and rebuild after a fire/disaster.

Lease terms governing damage and rebuild after a fire/disaster.
Specifies whether the landlord must rebuild, how long abated rent runs, and when either party may terminate.

Casualty clause

Legal · Global

Short definition

Lease terms governing damage and rebuild after a fire/disaster.

Full definition

Specifies whether the landlord must rebuild, how long abated rent runs, and when either party may terminate. Highly negotiated in Class A; tenant wants a hard 12-month terminate-if-not-rebuilt right.

Why this matters for Class A leasing

Casualty clause is part of the legal vocabulary that institutional Class A occupiers, landlords, and advisers use across Global markets. Understanding it correctly affects how you read lease documents, model occupancy economics, and benchmark deal terms across cities. Class A Atlas tracks regional variation alongside the global standard so cross-border occupiers can translate quickly.

Lease terms governing damage and rebuild after a fire/disaster.

Lease terms governing damage and rebuild after a fire/disaster.
Specifies whether the landlord must rebuild, how long abated rent runs, and when either party may terminate.

Casualty clause

Legal · Global

Short definition

Lease terms governing damage and rebuild after a fire/disaster.

Full definition

Specifies whether the landlord must rebuild, how long abated rent runs, and when either party may terminate. Highly negotiated in Class A; tenant wants a hard 12-month terminate-if-not-rebuilt right.

Why this matters for Class A leasing

Casualty clause is part of the legal vocabulary that institutional Class A occupiers, landlords, and advisers use across Global markets. Understanding it correctly affects how you read lease documents, model occupancy economics, and benchmark deal terms across cities. Class A Atlas tracks regional variation alongside the global standard so cross-border occupiers can translate quickly.