We own a building that we lease to a gentleman. The man uses the building as a bar, and we have asked to see his proof of insurance, but he will not show it to us. If he doesn't have insurance, and something happens to a bar patron, would the liability be on us, as the owners of the building?
1 Answer from Attorneys
Your lease should ABSOLUTELY require this.
You are right to be very concerned.
Premises liability would be a major issue.
You should also have a Hold Harmless and Indemnification clause in your Lease.
Hopefully the building is owned by a Corp or LLC owned by you, and NOT you personally.
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