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Real Estate Glossary

hold harmless

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Written by Luis Escobar

This is a promise stipulated in a contract by one party stating that the said party will not hold the other party accountable should the other party carry out the contract in a way that causes damage to the first party. These clauses are illegal in most states and in residential tenancies, but they may be upheld in the commercial setting.

This is a promise stipulated in a contract by one party stating that the said party will not hold the other party accountable should the other party carry out the contract in a way that causes damage to the first party. These clauses are illegal in most states and in residential tenancies, but they may be upheld in the commercial setting.

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Luis Escobar

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