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Delivery Failure Lease Clause

Description: If a landlord fails to deliver premises to a commercial tenant in usable condition at the agreed upon date there should be provisions in the lease to deal with the situation. The sample lease clause included here covers possible remedies such as rent abatement, termination right, and provision of temporary premises by the landlord.
Form Type: Contract Clauses
Practice Area: Real Estate

Date: Oct 2013
PLI Item #: 60273
Keywords: "real estate"; "commercial real estate"; landlord; tenant; premises; "failure of delivery"; improvements; "rent abatement"; "commencement date"; abatement; "termination right"; "temporary space"
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