Trellis Apartments 1/5/2023 - Laserfiche WebLink

LEASE ADDENDUM LIABILITY INSURANCE REQUIRED OF RESIDENT NAA 1. DWELLING UNIT DESCRIPTION. Lntt No. 31A Street #A 2206 SW 352nd (street address) in Federal Way (city), Washington, 98023 (zip code). Z. LEASE CONTRACT DESCRIPTION. Lease Contract Date: January 5, 2023 Owner's name: Trellis Apartments Residents (list all residents). * EVERETT, CITY OF This Addendum constitutes an Addendum to the above described Lease Contract for the above described premises, and is hereby incorporated into and made a part of such Lease Contract. Where the terms or conditions found in this Addendum vary or contradict any terms or conditions found to the Lease Contract, this Addendum shall control. 3. ACKNOWLEDGMENT CONCERNING INSURANCE OR DAMAGE WAIVER. You acknowledge that we do not maintain insurance to protect you against personal injury, loss or damage to your personal property or belongings, or to cover your own liability for injury. loss or damage you (or your occupants or guests) may cause others. Yon also acknowledge that by not maintaining your own policy of personal liability insurance, you may be responsible to others (including us) for the full cost of any in;urv, loss or damage caused by your actions or the actions of your occupants or guests. You understand that the Insurance paragraph of the Lease Contract requires you to maintain a liability insurance policy, which provides limits of liability to third parties in an amount not less than $ 100000. 00 per occurrence. You understand and agree to maintain at all times during the Term of the lease Contract and any renewal periods a policy of personal liability insurance satisfying the requirements listed below, at your sole expense. 4. REQUIRED POLICY. You are required to purchase and maintain personal liability insurance covering you, your occupants and guests, for personal injury and property damage any of you cause to third parties (including damage to our property), In a minimum policy coverage amount or $ 1000000. 00 from a carrier with an AM Rest rating of A -VI I or better, licensed to do business in Washington. The carrier is required to provide notice to us within 30 days of anv cancellation, non -renewal, or material change in your coverage. bVe retain the right to hold you responsible for any loss in excess of your insurance coverage. 5. We may provide you with information of an insurance program that we make available to residents, which provides you with an opportunity to buy renter's insurance from a preferred company. However, you are free to contract for the required insurance with a provider of your choosing. 6. SUBROGATION ALLOWED. You and we agree that subrogation is allowed by all parties and that this agreement supersedes any language to the contrary in the Lease Contract. 7. YOUR INSURANCE COVERAGE. You have purchased the required personal liability insurance from the insurance company of your choosing listed below that is licensed to do business in this state, and have provided us with written proof of this insurance prior to the execution and commencement of the Lease Contract. You will provide additional proof of insurance m the future at our request. Insurance Company. 8. DEFAULT. Failure to maintain the required policy during the entire tenancy shall be deemed an immediate, material and incurable default under the terms of the Lease Contract, and we shall be entitled to exercise all rights and remedies under the law. 9. MISCELLANEOUS. Except as specifically stater) in this Addendum all other terms and conditions of the Lease Contract shall remain unchanged. In the event of any conflict between the terms of this Addendum and the terms of the Lease Contract, the terms of this Addendum shall control. 10. SPECIAL PROVISIONS. 1 have read, understand and agree to comply w Resident or Residents (AN residents Hurst salt: here) NOT APPLICABLE the preceding provisions. wner or Owner s R , L,. •ntative Date of Lease Contract January 5, 2023 "2u)i,.'vauor:a. Apartment - ;LUIH Washington