Commercial leases almost invariably contain provisions requiring the tenant to purchase and maintain insurance coverage, and in some cases require the landlord to purchase insurance with regard to occurrences in the common areas.
Adequacy of Insurance Limits
At a time when frugality is in vogue, risk managers acting for landlords and tenants need to be mindful of all elements that can affect the potential value of insurance coverage to be required pursuant to leasehold covenants.
By
David A. GrossbergThis premium content is locked for LawJournalNewsletters subscribers only
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