Lessor’s Risk Only Hempstead, NY 11550

 Lessor’s Risk Only Hempstead, NY 11550

The lessor’s risks are limited to the costs of repairing or replacing the property, but not to consequential damages. Lessor's risk only is a type of lease transaction in which the tenant takes the title to the property at the end of the lease term, with no requirement for any payment from them to be made. In a lessor’s risk-only lease, the lessee is entitled to keep the property at the expiration of this lease. The lessee may also have an option or right to purchase it for a predetermined price. In some instances, there may be a penalty fee if they do not exercise this option.



Why is Lessor’s Risk Only important?
Lessor’s risk only shields you against tenant claims of property damage or bodily injury due to your wrongful act. It has nothing to do with protecting your own commercial property against various types of damage. For that, you need commercial property insurance.

COMPANY NAME: Smart Services Junction Inc |Construction Contractor Insurance Uniondale

LOCATION 626 RXR Plaza West Tower 6th Floor Uniondale, NY 11553 United State

CALL US (516) 888-1901

          

MARKETING TEAM DIGI ERA PRO

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