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Property Damage Waiver

Property Damage Waiver Template for New Zealand

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Key Requirements PROMPT example:

Property Damage Waiver

"I need a Property Damage Waiver for my commercial warehouse space being temporarily leased to a film production company from March 2025 to July 2025, with specific provisions for heavy equipment use and set construction."

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Document background
This Property Damage Waiver is designed for use in New Zealand when parties need to establish clear terms regarding liability for potential property damage. It is commonly used in rental situations, event venues, construction projects, or any scenario where temporary use or access to property creates potential damage risks. The document incorporates key requirements from New Zealand's property and contract law framework, including considerations from the Property Law Act 2007 and the Contract and Commercial Law Act 2017. It typically includes detailed property descriptions, specific damage types covered, exclusions, duration of coverage, and any special conditions or requirements. This type of agreement is particularly relevant in commercial and residential contexts where standard insurance coverage may need to be supplemented or modified.
Suggested Sections

1. Parties: Identifies and defines all parties to the agreement, including the property owner and the party receiving the waiver

2. Background: Sets out the context of the agreement, including the purpose of the waiver and the relationship between the parties

3. Definitions: Defines key terms used throughout the agreement, including 'Property', 'Damage', and 'Waiver Period'

4. Scope of Waiver: Clearly defines what types of property damage are covered by the waiver and any specific exclusions

5. Duration: Specifies the time period during which the waiver is valid

6. Waiver Terms: Details the specific terms of the waiver, including conditions and limitations

7. Obligations of Parties: Outlines the responsibilities of each party under the agreement

8. Termination: Specifies how and when the waiver agreement can be terminated

9. Governing Law: Confirms that New Zealand law governs the agreement

Optional Sections

1. Insurance Requirements: Details any insurance requirements for either party - include when insurance coverage is relevant to the waiver

2. Indemnification: Additional indemnification provisions - include when specific risk allocation is needed beyond the basic waiver

3. Dispute Resolution: Specific procedures for resolving disputes - include when parties want to specify alternative dispute resolution methods

4. Assignment: Rules regarding transfer of rights under the waiver - include when assignment rights are relevant to the situation

5. Force Majeure: Provisions for unforeseen circumstances - include when external events could affect the waiver's operation

6. Notices: Communication requirements between parties - include when formal notice procedures are necessary

Suggested Schedules

1. Schedule 1 - Property Description: Detailed description of the property covered by the waiver, including photographs or diagrams if applicable

2. Schedule 2 - Excluded Damages: Specific list of damage types or circumstances not covered by the waiver

3. Schedule 3 - Pre-existing Conditions: Documentation of any existing damage or condition of the property prior to the waiver period

4. Appendix A - Inspection Report: Initial property condition assessment report, if applicable

5. Appendix B - Insurance Certificates: Copies of relevant insurance certificates, if required

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 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






























Clauses




























Relevant Industries

Real Estate

Property Management

Events and Entertainment

Construction

Hospitality

Commercial Property

Residential Property

Retail

Industrial

Education

Sports and Recreation

Relevant Teams

Legal

Operations

Property Management

Risk Management

Compliance

Facilities Management

Asset Management

Contract Administration

Insurance

Real Estate

Relevant Roles

Property Manager

Facility Manager

Legal Counsel

Risk Manager

Operations Manager

Event Coordinator

Real Estate Agent

Contract Administrator

Property Administration Officer

Compliance Officer

Insurance Manager

Leasing Manager

Asset Manager

Site Manager

Building Manager

Industries






Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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