How do I terminate my lease when there has been damage to the property from a natural disaster?

I have a two-year lease and there was a flood in the building making it unusable. The landlord is promising to repair the extensive damage but he is waiting for the insurance company to give him money. How long am I obligated to wait? It has already affected my business.
Commercial leases usually specify how long you have to wait before you (the tenant) can terminate the lease without penalty due to circumstances (like flood, fire, etc.) that render the space unusable .

Unfortunately, commercial leases are usually written to favor the landlord, so time frames as long as six months are not uncommon.

Note to self: that's why business interruption insurance can be such a handy way of stemming the "red ink" tide should a major disaster--like a flood--occur and disrupt your business.

Review your lease terms with a real estate attorney to determine your options.
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