Release Of Liability For Rental Property Template for Philippines

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Key Requirements PROMPT example:

Release Of Liability For Rental Property

"I need a Release of Liability for Rental Property for my apartment building in Manila, specifically covering potential claims related to the building's gym and pool facilities, which will be reopening after renovation in March 2025."

Document background

The Release Of Liability For Rental Property is a crucial legal instrument in Philippine property management, designed to protect property owners and landlords from specific liabilities while maintaining compliance with local laws. This document becomes necessary when tenants need to acknowledge and accept certain risks or conditions associated with the rental property, or when landlords need to limit their liability exposure within the bounds of Philippine law. It's particularly relevant in situations involving property features that may pose known risks, pre-existing conditions, or specific use cases of the rental property. The document must comply with the Civil Code of the Philippines, the Rent Control Act, and other relevant property laws, while clearly outlining the scope of the release, the specific liabilities being waived, and any exceptions or limitations to the release.

Suggested Sections

1. Parties: Identifies and defines the Landlord/Property Owner and Tenant/Occupant with their complete legal names and addresses

2. Background: Explains the context of the rental relationship and the purpose of the release of liability

3. Definitions: Defines key terms used throughout the document including 'Property', 'Liability', 'Claims', and other relevant terms

4. Property Description: Detailed description of the rental property covered by the release

5. Scope of Release: Specifies the exact liabilities, claims, and rights being released or waived

6. Consideration: States the consideration given in exchange for the release of liability

7. Representations and Warranties: Statements by both parties regarding their capacity and authority to enter into the agreement

8. Governing Law: Specifies that Philippine law governs the agreement and its interpretation

9. Execution: Signature block with date and witness provisions as required under Philippine law

Optional Sections

1. Specific Hazards and Conditions: Used when there are particular known hazards or property conditions that need explicit mention

2. Insurance Provisions: Include when specifying requirements for tenant insurance or clarifying insurance responsibilities

3. Third Party Rights: Added when the release needs to extend to other parties such as property managers or building staff

4. Dispute Resolution: Optional section specifying mediation or arbitration procedures for dispute settlement

5. Severability: Include when there's a need to ensure remaining provisions stay valid if some are found unenforceable

6. Future Claims: Used when the release needs to explicitly cover future unknown claims

7. Indemnification: Added when the tenant needs to indemnify the landlord against third-party claims

Suggested Schedules

1. Schedule A - Property Details: Detailed description of the property including address, boundaries, and included fixtures/fittings

2. Schedule B - Existing Property Conditions: Documentation of the property's condition at the time of the release, including photos or inspection reports

3. Schedule C - Specific Released Claims: Itemized list of specific claims or liabilities being released, if any

4. Appendix 1 - Property Inspection Report: Detailed inspection report documenting the current state of the property

5. Appendix 2 - Photographic Evidence: Photos documenting the condition of the property and any specific areas mentioned in the release

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

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Real Estate

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Legal

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Compliance

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Property Manager

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Leasing Agent

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Housing Coordinator

Tenant Relations Manager

Property Operations Manager

Lease Administrator

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