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Coast Property Management 8/17/2022
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Coast Property Management 8/17/2022
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Last modified
1/6/2023 12:11:38 PM
Creation date
1/6/2023 12:09:48 PM
Metadata
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Contracts
Contractor's Name
Coast Property Management
Approval Date
8/17/2022
End Date
8/31/2023
Department
Fire
Department Project Manager
Roger Vares
Subject / Project Title
Apartment for Harborview Paramedic Students
Tracking Number
0003544
Total Compensation
$28,340.00
Contract Type
Agreement
Contract Subtype
Leases (not Real Property)
Retention Period
6 Years Then Destroy
Imported from EPIC
No
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600 Ninth Ave Apts COAST <br /> LEASE ADDENDUM <br /> PERSONAL LIABILITY INSURANCE REQUIRED <br /> This is an addendum to the Lease for Apt. No. 1 -401 at 600 9th Ave. #1 -401. Seattle, WA 98104 The effective date of this <br /> Addendum is August 5,2022. <br /> Tenant agrees to maintain, at Tenant's sole expense during the term of this lease and any subsequent renewal periods, a <br /> policy of personal liability, issued by a licensed insurance company of the tenant's choice,which provides limits of liability in an <br /> amount of $100,000.00 per occurrence. Tenant agrees to waive subrogation rights against Landlord, its manager and their <br /> officers, directors and employees to the fullest extent allowed. We retain the right to hold you responsible for any loss in <br /> excess of your insurance coverage.Tenant will name Coast Property Management as additionally insured on policy. <br /> You acknowledge that we do not maintain insurance to protect you against personal injury, loss or damage to your personal <br /> property or to cover your own liability for injury, loss or damage you (or your occupants or guests) may cause others. You also <br /> acknowledge that you may be responsible to others(including us)for the full cost of any injury, loss or damage caused by your <br /> negligent actions or the negligent actions of your occupants or guests, including but not limited to damage caused by fire or <br /> smoke. <br /> At all times, you are able to purchase insurance through the carrier or agency of your choice, and are not required to purchase <br /> insurance through a particular carrier or agency. However, the insurance must meet the Lease's minimum requirements at all <br /> times. <br /> Resident's Renter Insurance Policy: <br /> INSURANCE COMPANY POLICY NUMBER <br /> City of Everett Self Insurance Self Insurance <br /> Unless otherwise prohibited by law, any default under the terms of this Addendum shall be deemed a material default of the <br /> Lease, and we are entitled to exercise all rights and remedies under the law. If you fail to obtain and maintain personal liability <br /> insurance as required by this Addendum, you will be in violation of your Lease. In such event, we may send a written notice to <br /> you demanding that you cure the violation by purchasing the insurance and providing evidence of coverage to us. If you fail to <br /> supply evidence of such insurance to us on or before the specified date set forth in your notice,we reserve the right to charge <br /> a non compliance fee of$13.00 per month. <br /> NOTE: This form must be completed in full and signed by both the resident and an authorized representative of the property <br /> management company. Any insurance suggested in connection with this lease can be satisfied by a policy purchased through <br /> an authorized agent or insurance company in this state. <br /> 9. Miscellaneous. <br /> a. Except as specifically stated in this Addendum, all other terms and conditions of the Lease shall remain unchanged. <br /> b. In the event of any conflict between the terms of this Addendum and the terms of the Lease, the terms of this Addendum <br /> shall control. <br /> c. The insurance required by the Lease is not an attempt to limit our liability for its own negligence or your liability for your own <br /> negligence. <br /> d. Kapa Kai Select Insurance, an affiliate of us and a licensed insurance agency, may receive compensation on policies issued <br /> by the preferred insurance provider for administrative, brokerage or marketing support. <br /> e. If you participate in the insurance programs through our preferred provider, we or a third party may impose a monthly <br /> transaction or administrative fee that may be in addition to the insurance charges. <br /> f. The insurance required by the Lease is not in lieu of, or in any way a component of, the security deposit required by the <br /> Lease. <br /> g. You understand that the personal liability insurance coverage set forth in section 7 will only cover you for your own liability <br /> for injury, loss or damage caused by you (or, in some cases, your occupants or guests)to others and DOES NOT INCLUDE <br /> COVERAGE FOR PERSONAL INJURY OR LOSS OR DAMAGE TO YOU OR YOUR PERSONAL PROPERTY. THE <br /> PERSONAL LIABILITY INSURANCE DESCRIBED IN SECTION 7 IS LIMITED IN SCOPE AND MAY NOT FULLY PROTECT <br /> YOUR INTERESTS. <br /> h. You must refer to actual insurance policy or certificate for a complete description of the coverage, as this Addendum only <br /> provides a general summary. If you have an annual renter's insurance policy and decide to switch to the insurance program <br /> offered by our preferred provider, please compare the terms of coverage between the two policies, as not all policies are the <br /> same and coverage may differ. <br /> 25 On-Site <br /> o`a tt <br />
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