In the event that sixty percent (60) or more of the gross locable area in the property during the last two (2) years of the rental agreement or during the last two (2) years of an extended period are damaged or destroyed by fire or other causes, notwithstanding that the rented premises may remain free from such fire or other cause, Landlords or tenants have the right to be exercised in writing to the other party within thirty (30) days of such event, to terminate and terminate such lease. 1.11 INITIAL EXPIRY: The last day of the _________th [number of months, usually equal to the number of years in the lease] full month after the start date of the lease. A. OPERATING EXPENDITURE. . . .