Question regarding egress windows in basement for renting

[Roman Puzey]

Hello,

We are under contract for a single family home that we bought that has a full kitchen downstairs with 2 non-conforming bedrooms, full bathroom, washer & dryer and living room area with a separate entrance (staircase) that goes down to the basement. We had an inspection today and we were told that there is no egress out of the basement besides the staircase leading back to the main floor, there are small windows in each bedroom and kitchen area (16-20 inches) I would say but an adult wouldn't be able to climb out of them. We were going to rent the basement while we live there. How much of a concern is it not having egress windows? Is it just a liability issue in case of fire? Does anyone have experience renting out finished basements that don't have proper egress? Is that a big legal issue or long term rentals don't usually care for having a huge egress window or another method of exiting the basement besides the staircase? Any advice helps! (The property is in Northglenn)