Lexsure Knowledge Hub
Makes available the latest paragraphs for you to consider including in your Report on Title.
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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