- Joined
- Sep 1, 2008
- Messages
- 7,338
- Reaction score
- 474
I rent 2 properties out and there is no way on earth I would sign this. A property owner can not simply absolve themselves of liability for things that happen on their property because they want to. Or because you want them to. If anything, this actually increases the landlords exposure because it is written proof that he knows what is going on.
If one of my tenants wanted to operate a day care center (or get paid to watch kids, whatever you want to call it) they would need to go out and buy a million $ liability policy, which would cost maybe $800-1000 a year I reckon, and would have to pay in full before someone could chase me down.
When my wife ran a licensed day care out of our home 5 years ago we carried a 1million dollar liability policy. There is no way in hell I would allow any daycare run on a rental property without a policy of at least that much.