ADDENDUM TO LEASE AGREEMENT. Pursuant to Section 25 of the Lease Agreement, Tenant shall be required to carry renter’s insurance. The requirements are as follows: Tenant shall carry an HO4 Tenant Homeowners Policy. The policy will provide replacement cost coverage on the Tenant’s personal property in an amount that will insure the Tenant for loss to any personal property that is owned, or for which Tenant is responsible. The liability limit of coverage will be not less than $300,000 each occurrence. Furthermore, it is understood and agreed that the Tenant is responsible for all personal property owned, or for which Tenant is responsible, and Tenant waives all rights of subrogation against the Landlord or the Landlord’s representatives as respects to any insurance policies insuring the Tenant. If the Tenant provides written proof of coverage of tenant’s property and liability coverage under a parent’s homeowner’s policy, the Tenant’s H04 policy will not be required. However, the Waiver of Subrogation would still be applicable. AGREED: ____________________________________________ ___________________
Appears in 2 contracts
Samples: Lease Agreement, Lease Agreement
ADDENDUM TO LEASE AGREEMENT. Pursuant to Section 25 of the Lease Agreement, Tenant shall be required to carry renter’s insurance. The requirements are as follows: Tenant shall carry an HO4 Tenant Homeowners Policy. The policy will provide replacement cost coverage on the Tenant’s personal property in an amount that will insure the Tenant for loss to any personal property that is owned, or for which Tenant is responsible. The liability limit of coverage will be not less than $300,000 each occurrence. Furthermore, it is understood and agreed that the Tenant is responsible for all personal property owned, or for which Tenant Xxxxxx is responsible, and Tenant waives all rights of subrogation against the Landlord or the Landlord’s representatives as respects to any insurance policies insuring the Tenant. If the Tenant provides written proof of coverage of tenant’s property and liability coverage under a parent’s homeowner’s policy, the Tenant’s H04 policy will not be required. However, the Waiver of Subrogation would still be applicable. AGREED: ____________________________________________ ___________________
Appears in 2 contracts
Samples: Lease Agreement, Lease Agreement
ADDENDUM TO LEASE AGREEMENT. Pursuant to Section 25 of the Lease Agreement, Tenant shall be required to carry renter’s insurance. The requirements are as follows: Tenant shall carry an HO4 Tenant Homeowners Policy. The policy will provide replacement cost coverage on the Tenant’s personal property in an amount that will insure the Tenant for loss to any personal property that is owned, or for which Tenant is responsible. The liability limit of coverage will be not less than $300,000 each occurrence. Furthermore, it is understood and agreed that the Tenant is responsible for all personal property owned, or for which Tenant is responsible, and Tenant waives all rights of subrogation against the Landlord or the Landlord’s representatives as respects to any insurance policies insuring the Tenant. If the Tenant provides written proof of coverage of tenant’s property and liability coverage under a parent’s homeowner’s policy, the Tenant’s H04 policy will not be required. However, the Waiver of Subrogation would still be applicable. AGREED: ____________________________________________ ___________________:
Appears in 1 contract
Samples: Lease Agreement
ADDENDUM TO LEASE AGREEMENT. Pursuant to Section 25 of the Lease Agreement, Tenant shall be required to carry renter’s insurance. The requirements are as follows: Tenant shall carry an HO4 Tenant Homeowners Policy. The policy will provide replacement cost coverage on the Tenant’s personal property in an amount that will insure the Tenant for loss to any personal property that is owned, or for which Tenant is responsible. The liability limit of coverage will be not less than $300,000 each occurrence. Furthermore, it is understood and agreed that the Tenant is responsible for all personal property owned, or for which Tenant Xxxxxx is responsible, and Tenant waives all rights of subrogation against the Landlord or the Landlord’s representatives as respects to any insurance policies insuring the Tenant. If the Tenant provides written proof of coverage of tenant’s property and liability coverage under a parent’s homeowner’s policy, the Tenant’s H04 policy will not be required. However, the Waiver of Subrogation would still be applicable. AGREED: ____________________________________________ ___________________:
Appears in 1 contract
Samples: Lease Agreement