What liabilities do landlords have under commercial real estate law?
In North Carolina, commercial real estate landlords have a number of legal liabilities. Under the law, landlords are legally responsible for the maintenance of the premises. This includes not only making necessary repairs, but also ensuring that the property meets safety regulations and applicable building codes. Additionally, landlords must provide tenants with certain protections, such as ensuring their right to peaceful enjoyment of the premises and allowing tenants access to the property. Furthermore, landlords must also comply with fair housing laws, which protect tenants from discrimination based on race, gender, religion, and disability. Not only must landlords not discriminate in their tenant selection, they must also set reasonable rules for their tenants and take steps to ensure compliance with those rules. Finally, landlords have the obligation to return security deposits in a timely fashion, typically 30 days after the tenant moves out. They must also provide tenants with a detailed explanation of how the security deposit was used if any deductions were taken. Overall, commercial real estate landlords have a number of legal liabilities they must take into consideration in order to ensure their tenants’ safety and well-being.
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