Purpose:
This waiver confirms that the undersigned Tenant(s) will receive a disbursement of funds in the amount listed above, issued by PropM, Inc. on behalf of the property Owner. These funds are disbursed at the property Owner's sole discretion and request, following the property Owner's distribution.
Acknowledgements:
The Tenant(s) hereby acknowledges and agrees to the following:
Voluntary Acceptance:
I/we understand that the funds provided are not rent, security deposit, or reimbursement from PropM, Inc., but a voluntary disbursement from the property Owner.
Release of Claims:
I/we release and discharge PropM, Inc. and the property Owner from any further obligation or liability related to this disbursement. I/we acknowledge that this payment satisfies any related request made for assistance or reimbursement.
No Obligation to Future Payments:
I/we understand that this disbursement is a one-time payment and does not create any obligation on the part of the property Owner or PropM, Inc. to issue future payments.
Condition of Premises & Lease Terms:
This waiver does not modify or waive any terms of the lease agreement between the Tenant(s) and PropM, Inc. All lease obligations remain in full force and effect.