Common use of DAMAGE TO OR DESTRUCTION OF PREMISES Clause in Contracts

DAMAGE TO OR DESTRUCTION OF PREMISES. 14.1. If the Premises are destroyed or so damaged that they can no longer be beneficially occupied, this agreement may be terminated, provided that no termination of the agreement shall be effective unless prior notice is given to NSFAS by the Parties respectively. The Party giving notice must set out, in detail, the factual circumstances rendering the Premises incapable of beneficial occupation. 14.2. NSFAS may appoint a multidisciplinary team/ panel to conduct an urgent inspection of the Property and to make recommendations to the NSFAS Evaluation Committee on the measures to be taken to address the circumstances set out in the notice, including whether the dispute resolution mechanisms provided for in the Standard Terms and Conditions for Private Accommodation Providers’ Participation on the Student Accommodation Portal should be invoked. 14.3. The Lessee bears the responsibility to report any maintenance requests on the Student Accommodation Portal, as and when the need for the maintenance of the Premises arises. 14.4. If the Evaluation Committee determines that the Premises are significantly damaged but can still be beneficially occupied, this agreement will continue, and the Lessor must repair the damage without delay. The rent may then be abated. 14.5. Any dispute arising from the application of this clause, or relating to the abatement, must be dealt with in terms of the Standard Terms and Conditions for Private Accommodation Providers Participation on the Student Accommodation Portal. 14.6. In the event that the Lessee damages any property to or on the Premises/Property/Building, the Landlord must report the same on the Student Accommodation Portal. The Lessee will be personally liable for the payment of any repairs or replacement to or of the damaged property and may be subjected to the disciplinary code of the institution.

Appears in 2 contracts

Sources: Lease Agreement, Lease Agreement

DAMAGE TO OR DESTRUCTION OF PREMISES. 14.1. 13.1 If the Premises are destroyed or so damaged that they can no longer be beneficially occupied, this agreement may be terminated, provided that no termination of the agreement shall be effective unless prior notice is given to NSFAS by the Parties respectively. The Party giving notice must set out, in detail, the factual circumstances rendering the Premises incapable of beneficial occupation. 14.2. 13.2 NSFAS may appoint a multidisciplinary team/ panel members of the National Accreditation Panel to conduct an urgent inspection of the Property Property, and to make recommendations to the NSFAS Evaluation Committee on the measures to be taken to address the circumstances set out in the notice, including whether the dispute resolution mechanisms provided for in the Standard Terms and Conditions for Private Accommodation Providers’ Participation on the Student Accommodation Portal should be invoked. 14.3. 13.3 The Lessee bears the responsibility to report any maintenance requests on the Student Accommodation Portal, as and when the need for the maintenance of the Premises arises. 14.4. 13.4 If the Evaluation Committee determines that the Premises are significantly damaged but can still be beneficially occupied, this agreement will continue, and the Lessor must repair the damage without delay. The rent may then be abated. 14.5. 13.5 Any dispute arising from the application of this clause, or relating to the abatement, must be dealt with in terms of the Standard Terms and Conditions for Private Accommodation Providers Participation on the Student Accommodation Portal. 14.6. In the event that the Lessee damages any property to or on the Premises/Property/Building, the Landlord must report the same on the Student Accommodation Portal. The Lessee will be personally liable for the payment of any repairs or replacement to or of the damaged property and may be subjected to the disciplinary code of the institution.

Appears in 1 contract

Sources: Lease Agreement