Real Estate Glossary

Demolition Clause

inflation calculator
Richard Wilson
Written by Richard Wilson

This is a clause found in a lease indicating that when the ground lease has passed its expiration date, the building needs to be demolished. In this case, the lessor is obliged to notify the tenants within an established time frame.

This is a clause found in a lease indicating that when the ground lease has passed its expiration date, the building needs to be demolished. In this case, the lessor is obliged to notify the tenants within an established time frame.

About the author

Richard Wilson

Richard Wilson

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.