WeLive's Flagship 110 Wall St Co-Living Space Strictly Limits Liability In Contracts
Buried in the membership agreement at WeWork’s flagship co-living venture WeLive at 110 Wall St is a clause prohibiting members from suing WeWork over any form of damages—even if it’s WeWork’s fault.
Tenants, referred to as “members” in the rental agreement, are required to waive their right to sue for damages or pursue a class-action lawsuit, The Real Deal reports.
An attorney told TRD the clause freeing WeWork from responsibility for its own negligence would never hold up in court, but that the class-action clause probably would.
The WeLive at 110 Wall St is WeWork’s first co-living space, and opened this week with prices from roughly $1,300/month for a bed in a shared room to $2k/month for a private room.
Coincidentally, Bisnow’s New York office is in the WeWork space at the same address.
WeWork says the WeLive contract is a membership agreement, not a lease agreement, and that waivers on class-action lawsuits are standard practice. The firm also says WeWork’s limited liability for damages applies only to members’ personal property. [TRD]