Don't just follow the code to shield from liability.

Instead, determine the local tax rate and use your purchase price to calculate the new property tax amount.Home Insurance: If you're using financing, your lender will require you to carry a basic fire insurance and liability policy.

The law also brings in new liabilities for landlords in that they must keep the 28 day notice secret from the other party and if they fail to so may be fined and/or sued.I am sympathetic to the overall goals but this is a classic case of politicians offloading society's problems onto landlords, who they perceive as having bottomless pockets.

I don't want the liability of that.Even our inspector told us to make sure it was finished by the owner before we buy since it is such a liability.Also, my local bank does not want to provide a mortgage on a house that has mold of this degree.  

Home ownership is a liability not a investment.

Terms of Service shift liability to landlord: "If a payor or payor’s bank or card issuer initiates a reversal, chargeback, or dispute of a payment made to you, you authorize us and our third-party payment providers to reverse or otherwise debit funds from your account in accordance with applicable financial institution and network policies and procedures.

How do we split the tax liability between us since we both have regular jobs? 

Please note I am not concerned at this point with the liability aspect, or from an insolvency standpoint. 

You’ve know realized/learned that conducting business without the blessing of limited liability from your State Government is almost like willingly placing your hand in a running garbage disposal (+1).

You can also file a claim with your insurance company who would likely pay and then subrogate against the tenants liability policy.