Exculpatory Clause

Business, Legal & Accounting Glossary

Definition: Exculpatory Clause

Full Definition of Exculpatory Clause

A provision in a lease that absolves the landlord from responsibility for all damages, injuries or losses occurring on the property, including those caused by the landlord’s actions. Most US states have laws that void exculpatory clauses in rental agreements, which means that a court will not enforce them.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Exculpatory Clause. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 20, 2021 https://payrollheaven.com/define/exculpatory-clause/.
Chicago Manual of Style (CMS):
Exculpatory Clause. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/exculpatory-clause/ (accessed: September 20, 2021).
American Psychological Association (APA):
Exculpatory Clause. PayrollHeaven.com. Retrieved September 20, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/exculpatory-clause/

Definition Sources

Definitions for Exculpatory Clause are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 22nd April, 2020 | 2 Views.