In the residential landlord-tenant context, many leases call upon the tenant to obtain insurance to cover against the loss of the tenant’s personal property. The landlord typically has general liability insurance to cover against casualties like fire, a falling tree, burglary or water damage, but that coverage only protects the building and not the building’s […]
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Most astute entrepreneurs will avoid running a business as a sole proprietor or as part of a partnership and opt to limit their personal liability by forming a separate entity to operate the business. A corporation or a limited liability company (“LLC”) is often the best vehicle to shield the business owner’s personal assets from […]
Some seasoned landlord/tenant practitioners and even judges advise residential landlords to forego requesting security deposits from their tenants. Massachusetts law allows a landlord to require a tenant to pay at or prior to the commencement of a tenancy the first month’s rent, last month’s rent, a security deposit (equal to the first month’s rent), and […]
