Once you have shored up your business, think about changing your business model to an LLC, if not currently. This could help keep you from personally being liable for incidents.
The final step is to look over your insurance policies with your attorney as well as a licensed agent. If you find anything lacking that could leave a hole in the event of a lawsuit at how you can fix your situation as soon as is possible.
Also, you should be sure the association is performing the right steps to take care of your condo building. You should also maintain your common areas and exterior of your property and the landscaping so that the people are secure and safe.
If any documents for tenants are found as being out of date or are filled with incorrect data You should make sure that the contracts are revised and signed by every resident as quickly as possible. Tenants may sue you for failing to sign the latest contracts. Always make sure that everyone is on the same on the same page with respect to the regulations and rules you have set for your building.
Don’t Gloss Over the Details
It’s tempting to gloss over the details in these articles it is important to know all of these details in order to understand what you can do to safeguard your company from lawsuits. These steps, when combined with the advice of your lawyer and insurance agent , will help ensure that your condo firm will not be at risk of excessive and costly litigation. sfukdvo7vq.