Property Management
When a NC lease includes an 'indemnification clause,' the tenant typically agrees to:
APay reduced rent in exchange for maintenance
BHold harmless (indemnify) the landlord against certain liability claims arising from the tenant's use of the premises✓ Correct
CShare the property's income with the landlord
DAssume all repair responsibilities
Explanation
An indemnification clause requires the tenant to protect (hold harmless) the landlord from certain claims or liabilities arising from the tenant's use of the leased premises.
Related North Carolina Property Management Questions
- Under NC law, a landlord may deduct from a security deposit for all of the following EXCEPT:
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