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ROT: Defective Lease - Delayed apportionment of insurance monies if property can not be reinstated

Change date
30/04/2019
Word count
226
Deployment measure
9/10
Rationale

Explanation of the implications and concerns relating to inadequate or lack of provision in lease relating to apportionment of insurance monies in certain claim situations

The lease is defective in that in that there is a provision that states that only after a number of years of the property not being reinstated can you claim your right to an apportionment of the insurance monies. Usually, one would expect to see an obligation on the part of the landlord to distribute …

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