Good Afternoon All!
I am purchasing a property that was built in 2022 and it is a SFR. I am out of state so I have a reputable PM handling the tenant but I want to make sure I am adequately protected in terms of liability and such. I was thinking of speaking with a LL attorney from the state to see what advice they may have for me.
Is there anything that you incorporate into your lease whether that it is provisions for insurance/liability shifting? I basically do not want to be on the hook as an out of possession landlord for the something the tenant should be responsible for. Example, the tenant has a guest over and there is a leak that I was not made aware of. The guest slips on the water and falls breaking his/her arm.
Thank you in advance and I apologize if I am asking a silly question.
