Contracts
What is an 'exculpatory clause' in a Rhode Island commercial lease?
AA clause excusing late rent payments
BA clause limiting or eliminating the landlord's liability for certain claims, such as negligence in maintaining common areas✓ Correct
CA clause allowing early termination
DA clause excusing the tenant from compliance with environmental laws
Explanation
An exculpatory clause in a lease seeks to limit or eliminate one party's (often the landlord's) liability for certain claims. Rhode Island courts may scrutinize such clauses and may not enforce them if they conflict with statutory tenant protections.
Related Rhode Island Contracts Questions
- What is 'impossibility of performance' as a defense in a Rhode Island real estate contract?
- What is a 'lease-to-own' (rent-to-own) agreement in Rhode Island real estate?
- A Rhode Island seller receives an offer that is $20,000 below asking price. The seller may:
- What is 'time is of the essence' in a Rhode Island purchase agreement?
- A Rhode Island buyer's offer contains a 'mortgage contingency.' The contingency expires without the buyer obtaining financing but the buyer does not formally exercise the contingency to cancel. What is the result?
- Which of the following best describes 'liquidated damages' in a real estate contract?
- What is a 'non-compete clause' in a Rhode Island real estate purchase agreement for a commercial property?
- In Rhode Island, what is a 'counteroffer' in the context of a real estate transaction?
Practice More Rhode Island Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Rhode Island Quiz →