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Security of your bases When it comes to how to shield your business against lawsuits as a condo owner, it's important not to miss any one of these essential steps. Examine each owner and tenant attentively to confirm that they have a good rental or ownership history. To make sure the owner is able to be able to manage and afford the unit, confirm their earnings. Conduct background checks to ensure that the proprietors are clean and not been involved in any serious crimes. For instance, Florida has strict laws regarding sex offenders. If the building is within the radius of a school or park then you'll have to consult an attorney for criminal law to determine if they can safely reside in your building. Set rules and guidelines for the building you live in to improve safety and comfort for those who live there. There is no loud music after a set hour; no grilling or smoking in patios. Florida states similarly that Condo Board Service is not accessible to felons who have been convicted. If a member of the board is being charged with a felony even if they've negotiated with bail bond firms and were released before the trial, you'll need be proactive in the event that they're in the boardroom and later convicted. It's crucial to understand how you can protect your business from legal action. Everyone who rents should have an insurance policy on their condominium unit. Your condo will be insured against any loss and not needing the expense of costly repairs or legal fees once the tenants move on. Engage a lawyer to learn about law on fair housing and anti-discrimination that apply to your local area. Avoid lawsuits by following this.