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ROT: Defective Lease - No Reinstatement Provision

Change Date : 01/07/2016    |    Word Count: 208    |    Deployment Measure : 8/10
8/10
The lease is defective in that in that there is no provision that states that the property be reinstated if destroyed. Usually, one would expect to see an obligation on the part of the landlord to distribute the insurance monies to the tenants as soon …


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