Lease terms governing partial or total taking by eminent domain.
Legal · US
Lease terms governing partial or total taking by eminent domain.
Total taking: lease ends. Partial taking: tenant typically can terminate if more than 25% of premises is taken or if access is materially impaired. Condemnation award allocation is the contested issue.
Condemnation clause is part of the legal vocabulary that institutional Class A occupiers, landlords, and advisers use across US markets. Understanding it correctly affects how you read lease documents, model occupancy economics, and benchmark deal terms across cities. Class A Atlas tracks the US definition alongside the global standard so cross-border occupiers can translate quickly.