WeLive's Flagship 110 Wall St Co-Living Space Strictly Limits Liability In Contracts

110 Wall St., the building that houses the first WeLive
Photo credit: Google Maps
110 Wall St., The Building That Housed The First Welive.

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]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's New York Newsletters
Related Stories

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

How Long Island Projects Can Cut Through Red Tape And Community Opposition To Cross The Finish Line

Bringing Stability And Savings To CRE Insurance Through Working Layer

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy

SEC Charges REIT, Its Founders With Alleged $152M Fraud Scheme

Empire State Building Observation Deck Hemorrhaging Visitors, Value

Miami's Condo Craze Has Developers Spending Millions On Sales Galleries

Slate, Hudson Cos. Picked To Develop Massive Queens Housing Project

BXP's 343 Madison Lands $1.2B Loan, Nears Deal With Equity Partner

Ryan Cos. Secures Permit For Austin's Sixth Street Redevelopment

Rapper Rick Ross Joins 670-Unit Miami Gardens Condo Project

Mamdani Adds Millions To Program Helping Retailers Negotiate With Landlords