30. If I lease a business building to a tenant, and require in our lease agreeme

Question

30. If I lease a business building to a tenant, and require in our lease agreement that the tenant carry business real property insurance, then if there is a fire and my building is damaged or destroyed, the insurance company a. has to pay for the loss in normal situations like this, because the tenant had an insurable interest in the property. doesn't have to pay in normal situations like this, because the tenant doesn't have an insurable interest, only the property owner has the insurable interest. has to pay for the loss, even if the lease with the tenant has expired, and the tenant no longer is in the building, because the former tenant is still paying the premiums. has to pay, because any and all losses to a building are covered, no matter how they are caused or who caused the damage. none of these b. c. d. e.

Explanation / Answer

If I lease a business building a tenant, and require in our lease agreement that tenant carry business real property insurance, then there is a fire and my building is damaged or destroyed, the insurance company.

Has to pay for the loss and normal situations like this because the tenant has an insurable interest in the property.

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