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Showing results for tags 'liability'.
Hello Everyone, I was wondering if anyone who regularly undertakes buy to sell property flips knows what insurances are required? If one was to hypothetically purchase a house through a limited company for the sole purpose of refurbishment and resale, is it necessary to take out specific site insurance? I gather basic home insurance isn't suitable and often cover is void during periods of refurbishment? I also understand that your contractors insurance wont cover you either? Any advise as to what cover is required and any recommended providers would be excellent! Many thanks in advance, Jack
Our tenant has advised the managing agent that a cord within a sash window has snapped. An inventory was taken prior to the tenant moving in, which was signed by all parties to confirm the cord in question was unbroken. Who is liable for this damage and when should they pay? Is it down to the landlord to fix at a certain point; the tenant during their tenancy or out of their deposit following it; or an insurance issue (buildings, landlords' or contents)? It's not a clear cut matter, so thanks in advance for any personal experiences or advice.