Damage and Costs Clause Samples
The Damage and Costs clause defines the responsibilities and liabilities of parties regarding any harm, loss, or expenses that may arise during the course of the agreement. Typically, this clause outlines what types of damages or costs are covered, such as property damage, personal injury, or legal fees, and specifies which party is responsible for paying or reimbursing these amounts. Its core practical function is to allocate financial risk between the parties, ensuring that there is clarity about who bears the burden of specific losses or expenses, thereby reducing disputes and uncertainty if issues occur.
Damage and Costs a) You agree to pay for any damages, lost property or unnecessary service costs accrued. You will be billed for damages to the building and for damaged or missing furniture or equipment.
b) When two or more residents occupy the same room, the residents will be given the opportunity to explain any damage or loss to their room. If the university cannot determine who is responsible for the damage or loss, the cost will be divided and assessed equally between or among the residents of the room.
c) When damages occur in a common area of a building, residents of that wing, floor or building will be given the opportunity to explain any damage or loss to the common space. If the university cannot determine who is responsible for the damage or loss, the cost will be divided and assessed equally between or among the residents of the wing, floor, or building.
Damage and Costs. You agree to be liable for damage or other loss incurred to your assigned space in campus housing, and any damage or other losses caused by you or your guests to the building, apartment, room, furniture, and/or equipment, that is not the result of ordinary wear and tear. Cleaning charges may be assessed to you if your assigned space or apartment needs cleaning above and beyond a standard cleaning at the end of the agreement terms. Damages that occur to common areas and/or public areas that are not attributable or chargeable to a specific individual or group shall be shared equally by the residents of the living area where those damages occur. You agree to pay such damages and/or cleaning charges to the University upon demand and those charges will be billed to your student account.