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I am not aware that you can get anything like LL insurance to cover loss of rent.
You can get policies that roll the risk of 'loss of rent and outgoings' into the other insurances that the Tenant has to take out. Naturally they pay to insure against themselves not being able to pay the Landlord. It's a comfortable life.
Ensure that the lease stipulates that the tenants insurances covers your interest and nominates the owner of the property on the policy.
Plus, always ensure that you hold a current copy. I know it sounds silly, but some owners get the first one and never follow it up after it expires.
the landlord has responsibility to ensure the premises is properly maintained and safe to occupy. If a tenant or a third party is injured on the premises because of poor maintenance, this could result in the landlord being sued.
....get yourself a proper Lease. If that is the case, your current Lease wording is ****.
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There is Property Owner’s Public Liability that we need to insure on this property. The strata policy public liability section covers third party injury and third party property damage in common areas only. The tenant’s public liability policy will only respond to their own legal liability inside the unit and for their activities.
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There is property owners liability exposure for the landlord, for example, the landlord has responsibility to ensure the premises is properly maintained and
safe to occupy. If a tenant or a third party is injured on the premises because of poor maintenance, this could result in the landlord being sued.