Monday, September 28, 2009
Many property owners are unaware of the consequences of allowing one small area of managing a commercial property to slip. Typically, commercial properties are watched like a hawk by local authorities. After all, a business is open to the public. The public is of paramount concern to governments. If there is something that may cause problems for the public, you will be fined or sued for it. This could be something minor like not deicing a sidewalk quick enough. Instead of being able to sue the commercial property management business, there is no buffer and the owner will be sued directly. This means that the owner could stand to lose all of their personal property including their home. It is important that the property owner is aware that extreme loss can be imminent.