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Updated over 5 years ago on . Most recent reply
How do you limit your liability for rent abatement?
I live in California and minimizing liability is the name of the game here because the state is so favorable to tenants, even when you go out of your way to do the right thing. So, I want to put a clause in my lease that limits my liability in the event my tenants need to stay at a hotel due to emergency repairs that make the house uninhabitable. I would like to limit my liability to 1/30 of the monthly rent per each day that the tenant is out of the property. What I do not want is a tenant who wants compensation for their inconvenience or any other expense they may claim they are incurring and that they want me to pay. Can someone please help me with the wording to write a clause that satisfies this limit of liability to no more than 1/30 of their monthly rent for each day they are staying in a hotel?
Thank you in advance.
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Have checked with an insurance agent to see what a renter policy would cover and adding yourself on as an additional insured . Just a thought ?