Real Estate Glossary

hold harmless

inflation calculator
Richard Wilson
Written by Richard Wilson

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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Richard Wilson

Richard Wilson

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