WebThe Equipment must be returned to us in the same condition that you received it, except … WebMay 10, 2013 · (e) The physical condition of the Real Property shall be substantially the same on the Closing Date as on the Effective Date, except for changes thereto which result from or are attributable to: (i) reasonable or normal wear and tear, (ii) the exercise by Seller or Buyer of any of their respective rights or obligations under this Agreement ...
Warranty Exclusions Sample Clauses: 1k Samples Law Insider
WebSep 13, 2024 · Wear and tear can be defined further as deterioration that can be … A wear and tear exclusion will not have what is commonly referred to as “anti-concurrent cause” lead-in language. This indicates that damage caused or aggravated by multiple factors, including covered and uncovered causes, will not be covered. An Illinois court ruled in 1983 that, in the absence of such … See more The exclusions and limitations that are specified in the contract are what determine if a property loss is covered. The list of exclusions is generally extensive. An insurance company may cite “wear and tear” … See more A dispute over a claim can result in an insurance bad faith lawsuit. This is particularly common when older commercial properties are damaged. An insurance company will inspect the property prior to … See more twin peaks panama city beach
Leases – Reasonable Wear and Tear Expected - InNovare Law
WebMay 19, 2024 · Damage to the property. Security deposit laws allow a landlord to deduct from a security deposit for any damage. This is different from normal wear and tear, such as faded paint or worn carpet ... WebSynonyms for WEAR AND TEAR: wear, corrosion, erosion, fatigue, disintegration, decomposition, abrasion, deterioration; Antonyms of WEAR AND TEAR: fixing, repair, reconstruction, reconditioning, rebuilding, renovation, patching, revamping WebApr 8, 2024 · Allowable Deductions – Landlords can make deductions from security deposits for unpaid rent, physical damage excepting normal wear and tear, damage due to a breach of the lease, cleaning costs, and other charges mentioned in the lease agreement; Time Limit for Return – Depends on whether deductions are made tait architects