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What are the insurance requirements under a lease?

April 26, 2017Insurance lease requirements

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What are the insurance requirements under a lease?

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All tenants will be required to provide a certificate of insurance prior to occupancy. Tenants shall obtain and keep in force a Commercial General Liability policy of insurance. Such insurance shall be on an occurrence basis providing single limit coverage in the amount not less than $1,000,000 per occurrence with an annual aggregate of not less than $2,000,000. Further details regarding insurance requirements can be found in Paragraph 8 Insurance; Indemnity. of the Standard Industrial/Commercial Multi-Tenant Lease – Gross.