Property Damage Liability Release

Prepared by: [YOUR NAME]
Email: [YOUR EMAIL]
Company Name: [YOUR COMPANY NAME]
Company Number: [YOUR COMPANY NUMBER]
Company Address: [YOUR COMPANY ADDRESS]
Company Website: [YOUR COMPANY WEBSITE]
Company Social Media: [YOUR COMPANY SOCIAL MEDIA]

Introduction:

This Property Damage Liability Release ("Release") is executed as of August 15, 2050, and is intended to release and discharge the undersigned parties from any claims, demands, or liabilities for property damage that occurred or may occur in connection with the rental property described below.

Release of Liability:

1. Parties Involved

Property Owner: Margaret Adams
Tenant: Kevin Camara
Rental Property Address: 789 Maple Avenue, Springfield, IL 62705
Lease Agreement Date: May 1, 2050

2. Acknowledgment of Damage

The Tenant acknowledges that damages have occurred to the Rental Property during the term of the lease agreement. The details of the damage are described in the attached Damage Report.

3. Release of Liability

By signing this Release, the Tenant agrees to release and hold harmless the Property Owner, their agents, employees, and representatives from any and all claims, demands, or liabilities related to the property damage described in the Damage Report. This release includes any future claims that may arise concerning the specified damages.

4. Settlement

The Property Owner and Tenant have agreed on a settlement amount of $2,500.00 to cover the damages. This amount has been paid in full as of August 10, 2050.

5. Effective Date

This Release shall be effective as of August 15, 2050.

6. Governing Law

This Release shall be governed by and construed in accordance with the laws of the state of Illinois.

Signatures:

Property Owner:

Name: Margaret Adams
Date: August 15, 2050

Tenant:

Name: Kevin Camara
Date: August 15, 2050

7. Contact Information

For any questions or further information, please contact:

Prepared by: [YOUR NAME]
Email: [YOUR EMAIL]
Phone Number: (555) 123-4567

This Property Damage Liability Release is made in duplicate, with each party receiving one signed copy. The terms herein represent the complete and final agreement between the parties.