Enter your email address for weekly access to top multifamily blogs!

Multifamily Blogs

This is some blog description about this site

Don't Look Under the Gazebo!

GazeboBy Colin McCarthy, J.D., Robinson & Wood, San Jose, CA So let's talk American Horror Story and the liability of prior owners for dangerous conditions. Our favorite fun subjects, right? Before things got too silly, there's an episode where [spoiler alert] somebody dies and gets buried under the gazebo. This being a horror show, the victim is not content stay under the gazebo. Said victim gets out and causes all sorts of mayhem, including injuries and some pretty serious property damage. Would you stop throwing stuff around? If you, dear reader, saw a great investment opportunity in this property and bought it nonetheless, would you be liable for this victim's subsequent mayhem on your tenants? OK, well, let's put it in slightly more realistic terms. Let's say you build a nice fish pond in your back yard, because you like Japanese carp. You get that promotion and transfer across the country and away you go.  You sell the property to Mrs. Investor, who is most definitely going to rent it out. She does, and the new family moves in and their toddler drowns in the pond. Are you, dear reader -- seller -- liable for that wrongful death claim? Come on -- you know the answer. What were we discussing all last year? Control. Once you sell the property, do you have the ability to go back in and warn the new tenant about the pond? Can you remove it? You think the new owner would like you going on the ......
Continue reading
1680 Hits
0 Comments