Simple Commercial Lease Agreement Louisiana

October 8th, 2021  |  Published in Uncategorized

C. Tenants and lessors shall maintain, at their own expense, one or two comprehensive general liability insurance policies in respect of each other`s respective activities in the building, the premiums being paid in full on or before the due date, issued and binding on an insurance company approved by the lessor, such insurance, in order to obtain a minimum coverage of at least USD 1,000,000 of combined individual coverage for bodily offences 1998, 1995, 1 Property damage or combinations. The lessor is mentioned as an additional insured in the tenant`s policy or in the comprehensive general liability insurance policies, and the lessee must provide the lessor with the current insurance certificates that attest to the tenant`s compliance with this paragraph. .

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