NYC Landlords Could Face Lease Fights In Sandy's Wake

Law360, New York (November 6, 2012, 11:03 PM EST) -- For the owners of lower-Manhattan buildings still shuttered in the aftermath of Superstorm Sandy, the weeks ahead could be fraught with lease disputes over rent and restoration obligations thanks to casualty clauses that often don't account for the impact of disasters like hurricanes, experts say.

While most leases include a casualty provision to deal with issues in the event of a fire, flood or other disaster, many aren't specific and none can account for every possibility. And when it comes to actually implementing the provisions, disputes...
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