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Real Estate Glossary

Demolition Clause

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Written by Luis Escobar

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.

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Luis Escobar

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