I am a renting my home and using a Property Management Company. I had concerns about the indemnification part of the contract. Should I move forward with this contract?
INDEMNIFICATION
OWNER agrees to indemnify, defend and save the PMIC harmless from all loss, expense, damage, claim suits and costs whatsoever (including without limit attorney’s fees and expenses) incurred and arising from performance or attempted performance by PMIC of its duties and powers hereunder whether for personal injuries and/or property damage suffered by any person whomsoever on or about the PREMISES or otherwise, and to carry at OWNER’S expense liability insurance of at least $300,000 to protect the interest of the parties hereto. Policies shall be written to protect the PMIC in the same manner and to the same extent as to they protect the OWNER, and will name the PMIC as an additional insured or certified holder of the policy. The PMIC also shall not be liable for any error of judgement or for any mistake of fact or law or for anything which PMIC may do or refrain from doing, hereinafter, except in cases of willful misconduct or gross negligence. The PMIC shall not be responsible for any damage to the PREMISES, under any circumstance, by the tenant or others. Indemnifications and other provisions of this agreement that benefits the PMIC, will survive any termination of this agreement.
