Today's article is on both the obvious and not so obvious landlord liabilities.
If you’re going to invest in rental properties, you need to be aware of potential landlord liabilities. Some hazards are more obvious than others. We will start with the obvious and work our way to the lesser known pitfalls that can occur during the tenant screening process.
Obvious Hazard: Injury or Suffering Due To Neglect
The property must maintain a certain level of “habitability” where the landlord is responsible for unlivable, unsafe or unclean conditions.
Some common violations would be a tenant falling through a faulty porch staircase, pest infestations or mold issues. If the tenant suffers due to the negligence of the landlord, they could be entitled to compensation for their pain and suffering.
Most people understand this so let’s move to a topic that isn’t as well known.