Lessor's Negligence
10/7/2019
We have recently noticed a disturbing trend in Governmental/Municipal Lease Purchase
Agreements and Rental Contracts. We have always reviewed the Insurance portion of
the agreement/contract which spells out what is required of our members (loss payee
and/or additional insured). We now have to read the fine print in the Indemnity/Hold
Harmless portion of the agreement/contract as the Lessor is asking our members to
cover their negligence! For more...