Property Damage Release of Liability Template

A Property Damage Release is a legal document used to settle property damage claims and disputes. When property is damaged — whether by accident, negligence, or other causes — this release documents that the responsible party has compensated the property owner and that the owner releases them from any further liability related to the damage.

This release template is commonly used after vehicle accidents, contractor work that caused property damage, tenant damage to rental property, or any situation where property damage has occurred and the parties want to resolve the matter without litigation.

The template includes detailed damage description, compensation amount paid, acknowledgment of payment received, release of all claims related to the damage, waiver of future litigation rights, and confirmation that the release is final and binding.

Important: Once signed, a property damage release typically prevents you from pursuing additional compensation for the same damage, even if you later discover the damage was more extensive than initially apparent. Make sure all damage is fully assessed before signing.