Simple English definitions for legal terms
Read a random definition: precariae
A hell-or-high-water clause is a part of a rental agreement that says the person renting something has to keep paying the full amount of rent, even if the thing they're renting is broken or destroyed. It doesn't matter if the thing is no good, the renter still has to pay.
A hell-or-high-water clause is a provision in a lease agreement that requires the lessee to continue making full rent payments to the lessor, regardless of any issues with the leased property. This means that even if the property is damaged, destroyed, or otherwise unsuitable for use, the lessee is still obligated to pay the full amount of rent.
For example, imagine that a business owner leases a storefront for their shop. The lease agreement includes a hell-or-high-water clause, which means that even if the building is damaged in a flood or fire, the business owner must continue to pay rent as if nothing had happened.
Another example might be a car lease agreement that includes a hell-or-high-water clause. If the car is involved in an accident and is no longer drivable, the lessee is still required to make their monthly payments until the end of the lease term.
These examples illustrate how a hell-or-high-water clause can be a significant financial risk for lessees, as they are responsible for paying rent even if the leased property is unusable or destroyed.