As an apartment complex owner or property manager, the responsibility for the safety of residents’ homes falls on you. In the event of third-party crime on the property, financial liability can become a concern. Notably, tenants are increasingly filing lawsuits against property owners for injuries caused by third-party criminals, with settlements and jury awards typically ranging from $100,000 to $1 million.
Seeking a building security system for an apartment complex indicates awareness of the persistent threat of crime to tenants. Living spaces are frequent targets for criminals, as reflected in the latest FBI crime statistics, which reported a 7.1% increase in property crime offenses compared to the previous year (data released in October 2023, covering incidents from 2022).