Lease Addendum

Property Damage Liability Waiver

As an amenity, your rental is included in the community's Property Damage Liability Waiver (PDLW®) and therefore subject to an additional rent of per month. The PDLW® waives your obligation to indemnify the property owner for damages arising from fire, smoke, explosion, water discharge or sewer backup caused by your accidental acts or omissions as further described in your rental agreement up to per occurrence. This waiver only waives your liability to the property owner and does not waive your liability to any third parties. This waiver only applies to damages caused by your accidental acts or omissions and does not apply to damages caused by your deliberate or intentional acts or omissions. This waiver only applies up to per occurrence; any amount in excess of remains subject to the terms of the rental agreement.

Notice to Residents: The property damage liability waiver only waives your obligation to indemnify the owner for damages caused by your accidental acts or omissions as described herein. You are not accepting, enrolling, or purchasing an insurance policy nor are you being listed as a named insured under any owner policy. The property damage liability waiver is not a resident's insurance policy nor is it intended to replace a resident's personal property or liability insurance policy. All residents should consult an insurance professional to evaluate and determine personal insurance needs.

By signing below, you acknowledge that you have read and understand this entire Addendum and agree to be legally bound hereby.