November 15, 2012 News

CLIENT ALERT - Hurricane Sandy Exposes Risks in Commercial Leases

The devastation caused by Hurricane Sandy serves as an urgent and unfortunate reminder for commercial landlords, owners, and tenants to evaluate their respective rights and obligations under the “damage and destruction” clause that is likely contained in their leases.  Although the “damage and destruction” clause is often considered “boilerplate” and, as a result, is often overlooked during lease negotiations, the precise language contained in the clause is critical in determining the parties’ respective rights and obligations.  For further details, please click here.