Question

Why should tenants be knowledgeable of the risks that are being transferred to them and who ends up paying for those risks should there be an incident.

Answer 1

Risk is defined as the potential for loss or harm. This could be a financial loss, damage to property, or injury to workers or guests.

As a tenant in an apartment building or rental home, you may not realize that your lease also guarantees you the right to expect a certain level of safety and security. You should be able to go to sleep at night not worrying that a careless landlord has left you at risk for an accident or injury.

If you are injured or attacked while living in a rental home, you may be able to pursue a lawsuit against your landlord or apartment complex to help pay for your recovery.

For example, if a landlord fails to properly upkeep stairs and you are injured in a fall, or if an employee of the complex attacks or steals from you, your landlord could be found negligent.