Hold harmless agreement real estate repairs. Many states have anti-indemnity statutes that limit or prohibit certain hold harmless clauses, especially in construction contracts. Dec 4, 2024 · Learn how a hold harmless clause in real estate contracts protects parties from liability. State laws play a significant role in determining the validity of these agreements. Discover when you need one and what protection it actually provides in property deals. . CLIENT agrees to hold any and all real estate agents involved in the purchase of the property to be inspected harmless and keep them exonerated from all loss, damage, liability or expense occasioned or claimed by reasons of acts or neglects of the INSPECTOR or his employees or visitors or of independent contractors engaged or paid by INSPECTOR for the purpose of Jul 30, 2025 · Use our free hold harmless (indemnity) agreement template to transfer risk from one party to another. The Buyers agree to indemnify and hold the Sellers harmless from any claims, losses, damages and expenses, including reasonable attorney fees, of any nature, whether for personal injury, property damage, or any other damage, or costs, arising out of (a) the Buyers’ breach, or the Sellers’ enforcement, of this Agreement, or (b) the Buyers HOLD HARMLESS AGREEMENT. See full list on investopedia. com Jul 11, 2025 · For an agreement to be upheld, its language must be clear and unambiguous about the parties’ intent to transfer liability. Customize yours in minutes. Apr 30, 2025 · When is a hold harmless agreement typically used in real estate? Commonly in foreclosures, short sales, property inspections, or repairs, where one party assumes certain legal or physical risks. Is a hold harmless clause enforceable? Generally yes, but not if it covers intentional misconduct or violates state public policy. nfmzko xabp dxegf wskjug tjgt teg jzgrk lrbb qycj yccf