Landlord didn't repair authorized maintenance issues, or tell me about other issues tenet had.  They moved out, breaking the lease because of maintenance issues. I only found out because after months of asking why the...

The statsitics we've seen are that 60% of property claims are caused by tenant negligence...so, yes, requiring AND enforcing this (where not prohibited to require it) is good advice...

Stating a dollar limit is not a good idea, repairs are on a landlord unless arising from negligence or intentional damage by a tenant.

Originally posted by Account Closed:when u put your property into an llc, you have an added layer of protection should someone decide to sue you. if you do not take any profits from entity(llc) the person suing cannot collect. and if they do try, they have to pay taxes on property till they collect. most lawyers will not file against an llc as there is no money to be made. if they can prove you negligent as manager claim can only be made on propertys in that specific llc. 

. - Vacancies due to (extreme) neglect and negligence/deferred maintenance, not lack of demand. - Large lots (5 acres = 1/8 acre each + recreation space)- city water and septic, sewer available right outside.So, the rule of thumb is 14 units rented @ $200 lot rent * 12 mos * 50% expense ratio * 10 cap = $168k.

I had businesses set up in S-Corps, C-Corps, and LLC's and when I heard about this, I asked my insurance agent if I'm also covered personally for liability and she assured me that she always do it, and it would be negligent of her if she forgot to cover me.

The mold is not due to negligence on my part.

Even if it is in the lease.Good luck holding them accountable.....95/100 if they had much money they'd be buying instead of leasing.You can have strategies....but they don't work 100% of the time.You can have a sprinkler system.....you can set it and lock the control box.You can write specifications in the lease.Think about court...you have to have evidence.....how are you going to prove it was their negligence that caused the problem?

2) are they responsible for the damage due to negligence?

However, insurance is limited because it only protects you from one type of liability: accidents/negligence.