What does it mean to "hold harmless "a property management company?

Let's say you own a commercial property and hire a property management company. What does it mean if the management company asks you to sign something asking to "indemnify, defend, and hold them harmless" from any claims?

7 Answers

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  • 1 month ago

    Short answer: "Hold harmless" means YOU assume liability and protect them from anyone attempting to hold them liable.

    If you don't already know that, you need to spend several WEEKS talking to attorneys before you spend ONE PENNY one commercial property. You have that much to learn.

  • 1 month ago

    That is saying that if, in the course of of carrying out management duties that the property owners asked of them, and they get sued for doing that, those charges will probably then be dropped against them and those charges brought against the property owners. 

  • Anonymous
    1 month ago

    It means you cannot take legal action against their company.  It would be foolish to sign an agreement containing this clause without legal representation.

  • D50
    Lv 6
    1 month ago

    It means you won't sue them for anything and also that you will pay to defend them if someone else does and, if they lose, you will pay the judgment. 

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  • 1 month ago

    That you can't sue them when they screw up.

  • 1 month ago

    That is pretty standard.  In fact their insurance may require it.  I would ask my lawyer to add something to the effect of 'unless their action was against the law'.  You would not want to be liable for something illegal.

  • Anonymous
    1 month ago

    This means if the property has mold or any type of organic material that could make you sick.  

    You can not sue if you become sick

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