What can result from poor landlord liability management?

Study for the ASU REA380 Real Estate Fundamentals Exam. Use flashcards, multiple choice questions, and get hints and explanations for each question. Prepare thoroughly for your exam!

The result of poor landlord liability management is often legal disputes and claims. When landlords fail to adequately address their responsibilities, such as maintaining the premises in a safe and habitable condition, or adhering to local housing laws, they can expose themselves to various legal challenges. This can include lawsuits from tenants for injuries that occur on the property, disputes over lease terms, or claims of discrimination. These legal issues not only incur significant costs, such as attorney fees and potential damages but can also damage the landlord's reputation and lead to further complications in property management.

In contrast, increased property value, lower tenant turnover, and decreased maintenance costs are not direct outcomes of poor liability management. In fact, they often rely on effective management practices that ensure tenant satisfaction and property upkeep.

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