Attention property investors: A recent verdict out of Philadelphia serves as a stark reminder of the critical importance of maintaining safe, code-compliant rental properties. A jury awarded $15 million to a tenant who suffered life-altering injuries after slipping on a staircase without a handrail in her apartment building.
The case, which marked the seventh-highest jury award in Philadelphia for 2024, highlights the severe consequences of failing to prioritize tenant safety. The plaintiff argued that her injury—and the eventual loss of her leg—could have been prevented if the property owner and management had ensured the building met basic safety codes, including proper lighting and the presence of handrails on staircases.
The lawsuit was filed against the building owner, Alisha Real Estate, and the property management company, Bay Property Management Group. The jury found the owner 75% responsible and the property manager 25% responsible, emphasizing the shared accountability for maintaining a safe environment.
This case is a wake-up call for all property owners and managers. To avoid costly litigation and, more importantly, to protect tenants:
- Ensure Code Compliance: Regularly inspect your properties for safety features like handrails, proper lighting, and other code-mandated requirements.
- Partner with Responsible Property Managers: Work with professionals who prioritize tenant safety and compliance.
- Act on Maintenance Requests Promptly: Address hazards immediately to reduce risks.
Ignoring safety can lead to tragic outcomes and significant financial penalties. This case should remind every investor that cutting corners to save costs can ultimately lead to catastrophic losses.
For more details about this case and its implications, read the full article here.
Your tenants' safety is not just a legal obligation—it’s a moral one. Protect your tenants, your properties, and your investments by staying vigilant and proactive.