What Is The Purpose Of The Condition Report?

Individuals who are thinking of renting a property must be aware of the purpose of the condition report. Failing to do so means they will be putting themselves at the risk of possible legal and financial problems. So, it is a must to learn about it. A property condition report is a critical document that records the condition and state of a rental property at the start of a tenancy.

Property condition reports play a major role in ensuring that rental homes are returned in the same condition as it was at the start of the tenancy. They are supremely important for both the landlord and the tenant.

A well-documented report will significantly reduce the chances of disputes while maintaining transparency throughout the tenancy period. Here is the purpose of the condition report. Having a thorough understanding of this report will be helpful for both the tenant and landlord.

1. What is a Condition Report?

In simple terms, condition reports are documents that detail the condition and state of every room in a property. This involves details of things like the physical condition of the property, such as any visible damages or defects and any repair and maintenance requirements. It also includes things like skirting boards, door frames, light fittings, walls, flooring, etc.

The condition report also provides insights into any future expenses. Such extensive documentation guarantees that each aspect of the property’s condition is recorded, offering a realistic and clear benchmark against which the condition can be compared once the tenancy ends. For this reason, the majority of tenants prefer hiring vacate cleaning Perth experts to ensure the property is clean.

2. Why is a Condition Report Important?

A condition report is often considered the gold standard for assessing a property’s current condition, and rightfully so because it details almost every aspect of the property. Whether the landlord, property manager or tenant, the condition report acts as a credible document for learning about the state of the property, making it easier for the individual to plan the next steps.

Condition reports are generally required when renting out a home. In this case, the rental home inspection report will include a list containing the condition of things like household appliances, doors, walls, etc. Signing on this document will mean that both parties, i.e., the tenant and landlord, acknowledge the property’s current condition.

Just like renting, condition reports are also necessary when buying a home. They allow the individual to understand if the property will be worth the investment or not. For example, learning that the house requires a few repairs will permit the individual to be aware of when and how much they will need to spend down the road.

3. Pros of Condition Reports for Tenants

Tenants should thoroughly examine the condition report before signing the lease agreement. This is because properties can have numerous defects and other maintenance issues. There is always the risk of the problems getting bigger and costly to repair in future.

An in-detail condition report will underline the problems, making them visible to both the landlord and tenant. Moreover, it will mean that the landlord will be held responsible for fixing the damages, and the tenant won’t be held liable. It will also make the renter aware of how the property should look once the end of the tenancy is near. The individual might need to hire professionals who do budget vacate cleaning Perth to ensure that the property is in the same condition as it was at the start of the tenancy.

4. Advantages of Condition Reports for Landlords

Similar to tenants, condition reports are beneficial for landlords in numerous ways. This is because the owners would never want to be liable for damages done by the tenant. Even though landlords should be responsible for fixing existing damages and completing any required repairs, they won’t like to deal with any additional issues that occur during the tenancy period.

Rather, it will be the responsibility of the tenant to deal with the problems. After fixing the damages, renters are also required to keep the residence clean, which might include hiring vacate cleaning Perth professionals.

5. What Does a Property Condition Report Include?

Since a property condition report is all about a property’s details, it should include all the major components, ensuring both the tenant and landlord are aware of any possible issues. The conditions of the following components must be documented in the report:

• Safety features
• Windows and doors
• Plumbing
• Roofing
• Mechanical and electrical components
• HVAC system
• Patio, deck and balcony
• Sidewalks
• Basement
• Foundation

Additionally, it is the tenant’s responsibility to maintain cleanliness. So, once the tenancy ends, renters will be able to get all their bond money back. Consider hiring experts who do cheap vacate cleaning Perth to ensure no corner is left untouched.

Things to Know About the Condition Report

Wrapping Up

There are very few things as important as a condition report for a tenant and landlord before the start of the agreement. Knowing its importance is crucial to avoid any inconvenience in future.