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What is a demolition clause?

clause demolition
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What is a demolition clause?

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Some landlords like to have the option of terminating a lease for the purposes of demolishing the building and rebuilding on the site. Typically, a business will be given 6 – 12 months notice to vacate the premises. This can be devastating to a small business, and care should be taken to ascertain if such a clause is in the lease.

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