Property Damage Release Form Template for South Africa

1. Insurance Details: Include when insurance companies are involved in the settlement, detailing relevant policy numbers and claim references

2. Payment Schedule: Include when the settlement amount is to be paid in installments rather than as a lump sum

3. Confidentiality: Include when parties wish to keep the settlement terms private

4. Third Party Rights: Include when the release affects rights of third parties or when other potential claimants need to be addressed

5. Severability: Include when parties want to ensure that if any provision is found invalid, the rest of the agreement remains enforceable

6. Property Description: Include when specific property needs to be described in detail, such as in cases of significant or multiple damage items

1. Schedule A - Property Damage Details: Detailed inventory and description of damaged property items, including photographs and value assessments

2. Schedule B - Settlement Calculation: Breakdown of how the settlement amount was calculated, including any deductions or adjustments

3. Schedule C - Supporting Documents: List of relevant documents such as damage assessments, repair quotes, or insurance assessor reports

4. Appendix 1 - Photographic Evidence: Photographs of the damaged property, marked and dated appropriately

5. Appendix 2 - Expert Reports: Any professional assessments or evaluations of the damage, if applicable