Alaska Indemnification of Owner of Premises by Guest User of Premises for Special Event
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FAQ
A common example of indemnification happens with reagrd to insurance transactions. This often happens when an insurance company, as part of an individual's insurance policy, agrees to indemnify the insured person for losses that the insured person incurred as the result of accident or property damage.
By Practical Law Property. This practice note looks at issues that may arise when drafting and negotiating a clause in a commercial lease under which the tenant agrees to indemnify the landlord against any loss or damage caused by a breach of the tenant's covenants or its actions or omissions.
Landlord Responsibilities in Alaska In Alaska, landlords are responsible for maintaining habitable premises and must make requested repairs in a timely manner (10 days). If they do not, then Alaska tenants are empowered to make the repairs themselves and deduct the cost from future rent payments.
To indemnify another party is to compensate that party for losses that that party has incurred or will incur as related to a specified incident.
Indemnity is a contractual agreement between two parties. In this arrangement, one party agrees to pay for potential losses or damages caused by another party.
The vast majority of Leases will contain a covenant by a tenant to indemnify the landlord in relation to any loss caused to the landlord as a result of a breach of covenant by the tenant.
Indemnification. The concept of indemnification imposes an obligation on one party, the indemnitor, to pay or reimburse another party, the indemnitee, for losses covered in the indemnification provision. The obligation to reimburse or pay arises when an actual loss or liability has occurred.
Alaska Winter Eviction RulesA landlord can evict a tenant living in an apartment, house or condo at any time, even in the middle of a cold winter. No special rules or eviction moratoriums apply to any season.
An agreement to compensate for a loss or damage incurred by an individual or business.
Indemnity is a comprehensive form of insurance compensation for damages or loss. In this type of arrangement, one party agrees to pay for potential losses or damages caused by another party.
