Eminent Domain And The Commercial Lease

Law360, New York (March 30, 2012, 12:22 PM EDT) -- Often, commercial landlords and tenants only pay close attention to the eminent domain or condemnation clause in a lease when the condemning authority first gives notice that either all or a part of the leased premises is about to be taken. By that time, landlords and tenants find themselves in an adversarial position not only with the taking authority, but with each other.

As against the taking authority, the principal concern is the payment of just compensation once the right to take for a public purpose...
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