Property Liability Waiver Template for Malaysia

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Key Requirements PROMPT example:

Property Liability Waiver

"I need a Property Liability Waiver under Malaysian law for my commercial building in Kuala Lumpur, which will house multiple retail tenants starting March 2025; the document should specifically address shared space liability and maintenance contractor access."

Document background

The Property Liability Waiver is essential in Malaysian property management and real estate operations, providing legal protection for property owners and managers against various liability claims. This document should be used when there's a need to clearly establish risk allocation between property owners/managers and other parties accessing or using the property. The waiver must comply with Malaysian contract law, particularly the Contracts Act 1950 and relevant property legislation, while balancing the rights and obligations of all parties involved. It typically includes detailed property descriptions, specific risks being waived, acknowledgment of understood risks, and clear indemnification provisions. The document is particularly relevant in situations involving property access, use, or occupation by third parties, whether for commercial, residential, or event purposes.

Suggested Sections

1. Parties: Identifies and defines all parties to the waiver agreement, including the property owner/manager and the party accepting the waiver

2. Background: Establishes the context of the waiver, including brief description of the property and the purpose of the agreement

3. Definitions: Defines key terms used throughout the document, including 'Property', 'Liability', 'Claims', etc.

4. Property Description: Detailed description of the property or properties covered by the waiver

5. Scope of Waiver: Clearly outlines what liabilities and risks are being waived

6. Acknowledgment of Risks: Statement confirming the accepting party's understanding of potential risks

7. Release of Liability: Core waiver language releasing the property owner from specified liabilities

8. Indemnification: Provisions regarding indemnification obligations of the accepting party

9. Governing Law: Specifies Malaysian law as governing law and relevant jurisdiction

10. Execution: Signature blocks and execution requirements

Optional Sections

1. Emergency Procedures: Details emergency protocols and contact information - include when the property has specific safety requirements

2. Insurance Requirements: Specifies required insurance coverage - include when the waiver requires the accepting party to maintain insurance

3. Special Conditions: Additional conditions specific to the property - include for properties with unique features or risks

4. Duration: Specifies the time period of the waiver - include when the waiver is not perpetual

5. Severability: Clause ensuring remaining provisions stay valid if some are found unenforceable - include in more complex agreements

6. Dispute Resolution: Alternative dispute resolution procedures - include when parties prefer specific dispute resolution methods

Suggested Schedules

1. Schedule A - Property Details: Detailed property description, including address, lot number, and relevant title details

2. Schedule B - Specific Risks: Comprehensive list of specific risks and hazards associated with the property

3. Schedule C - Safety Equipment: List of safety equipment and facilities available on the property

4. Appendix 1 - Property Photos: Photographic documentation of the property and any hazardous areas

5. Appendix 2 - Maintenance Records: Recent maintenance records relevant to safety and liability issues

6. Appendix 3 - Emergency Contacts: List of emergency contacts and procedures

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Real Estate

Property Management

Construction

Hospitality

Retail

Commercial Property

Residential Property

Industrial Property

Events and Entertainment

Facilities Management

Relevant Teams

Legal

Operations

Risk Management

Property Management

Facility Management

Compliance

Real Estate

Asset Management

Security

Customer Relations

Relevant Roles

Property Manager

Facility Manager

Real Estate Manager

Legal Counsel

Risk Manager

Operations Manager

Asset Manager

Property Administrator

Compliance Officer

Contract Manager

Estate Agent

Building Manager

Security Manager

Maintenance Supervisor

Events Coordinator

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Let's create your Property Liability Waiver

Authors

Alex Denne

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