Avoid 4 Costly Pitfalls When Allocating Lease Insurance Duties

One of the few positives to emerge from the pandemic for commercial leasing was how it got landlords and tenants to set aside historical mistrust and work together for their mutual welfare and survival. While the pressing issue at the height of the COVID-19 crisis was restructuring rent obligations, there are lots of other leasing issues where this approach could do both sides a world of good. Among these are lease provisions addressing insurance and responsibility for fire and other losses to the rental property.