Tenant’s insurance clause for use in property transactions
Tenant’s insurance clause for use in property transactions

The following Property guidance note provides comprehensive and up to date legal information covering:

  • Tenant’s insurance clause for use in property transactions

  1. 1

    Tenant's obligation to insure

  2. The Tenant covenants with the Landlord to insure the Property and keep it insured, against damage or destruction by the Insured Risks, in the joint names of the Landlord, the Tenant and any other persons the Landlord from time to time by notice to the Tenant reasonably requires, in an amount equal to the full cost of rebuilding and reinstating the Property including VAT, architects', surveyors', engineers', solicitors' and all other professional persons' fees, the fees payable on any applications for planning permission or other permits or consents that may be required in relation to rebuilding or reinstating the Property, the cost of preparation of the site including shoring-up, debris removal, demolition, site clearance and any works that may be required by statute, and incidental expenses.

  3. 2

    Tenant's covenants in respect of insurance

    1. The Tenant covenants with the Landlord that it will:

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