A Hold Harmless Agreement for Use of Property is a legally-binding contract between two parties in which one party agrees not to hold the other accountable for any harm that may arise from the use of a particular property. This type of agreement is used in a variety of contexts, such as when a tenant leases an apartment or when a business contracts an event space. The agreement guarantees the safety of all parties involved by relieving the property owner or occupant of any liability associated with their premises. In essence, it shields them from legal action and associated costs if something goes wrong while someone is using the property. By signing this agreement, all parties acknowledge and accept the risks associated with occupying or leasing a particular location and agree to let each other off the hook if anything should go wrong during their time there.