Text for Report on Title
ROT: Individual Tenants Insure - CBI Policy in Place
- Change date
- 11/01/2024
- Word count
- 712
- Deployment measure
- 8/10
Rationale
The wording covers a fairly common situation where the lease places a full insuring obligation on each tenant in the building. There are numerous legal and practical implications to such an arrangement. This wording takes into account a CBI policy being taken out.
The Lease is let on a full insuring basis, that is to say that each tenant is responsible for insuring that part of the building which is Leased to him,
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