Of the many aspects of owning multi-family real estate, maintenance is certainly one of the top priorities — or at least it should be.
Owners are often focused on making sure their buildings are in tip-top shape but sometimes relegate parking lot maintenance to a lower priority — and that's something that can come back to bite them.
That's because the owners of multi-family residences can be liable for accidents, mishaps and criminal activities that occur in their parking lots.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
