REALWorld Law

Commercial leases

Insurance

Who pays the cost of insuring the real estate which is the subject of a lease and what events causing damage will usually be covered by the policy?

Japan

Japan

Usually the lessor pays the cost of insuring the real estate, with coverage for fires and earthquakes typically included.

The lessee is often required to purchase supplemental home insurance to protect their personal property from fire damage and to protect against third party claims.