Boat Rental Agreement. Ponton Rental Operators Release of Liability, Wavier of Claims, Express Assumption of Risk and Indemnity Agreement.Upon your return Lake Havasu Houseboats will complete a Return Check In Form. I acknowledge that there exist inherent risks, hazards and dangers to the rental and use of the boat and equipment. All participants must complete and sign all rental forms; there are to be no additional participants after the checkout procedure is completed. 3. Waiver of Liability Lake Powell Resorts and Marinas requires damage protection for all boat rentals. Read about the Waiver of Liability options. Businesses use boat rental waivers to help mitigate liability for accidents or damages that may occur while customers are using the equipment. Covers most accident damage to rental equipment, including overhead and tire damage. Examples of taxable rental items include: • office equipment.