condition report

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Tools
Participant
@tools
Join Date: 2003
Post Count: 363
September 11, 2004 - 8:36 am
Hi guys,
Is it normal practice for the owner to receive a copy of the condition report if they use a PM? Does anyone who does their own take photos?And,should the report be prepared prior to signing of the lease,or just before th etenant moves in?
Thanks,
Tools
elika7264
Member
@elika7264
Join Date: 2003
Post Count: 160
September 11, 2004 - 9:07 am
Hi,
regarding the condition report — I don’t receive a copy. But if its important to you, then ask your PM to provide a copy.
Photos — haven’t ever given any thought to photos. Might be useful if the property has something valuable which could be costly to replace. eg. inbuilt furniture.
In my experience, the condition report is prepared a day or so before the tenant moves in or on the day the tenant takes possession. Your PM might have a different opinion.
Regards,
Helen
thecrest
Participant
@thecrest
Join Date: 2004
Post Count: 992
September 12, 2004 - 8:12 am
Hi Tools
Should be no problem requesting that you get a copy of any condition report on your property whenever one is filled out.
Condition report is a powerful document if completed correctly, and can be stronger with supporting photos. However, it must show the condition of the property at a certain period in time ie incident, moving in, moving out. If too much time has elapsed between writing and point of time in question, the report weakens due to the opportunity of changes occurring over time.
e.g. tenant moves out, PM does outbound condition report saying property is very clean. 4 weeks later, new tenant moves in, PM uses same condition report for inbound tenant. But the house is now very dusty, musty, etc. condition report is no longer accurate,instant disagreement between tenant and PM. Who pays for the cleaning ?
Condition reports have a short “use by date”, outside that period, they begin to lose credibility and legal weight.
cheers
thecrest
thecrest | Tony Neale - Statewide Motel Brokers
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elika7264
Member
@elika7264
Join Date: 2003
Post Count: 160
September 12, 2004 - 1:02 pm
Thanks TheCrest,
useful information. [biggrin]
Helen
rodneyworthington
Member
@rodneyworthington
Join Date: 2004
Post Count: 3
September 12, 2004 - 9:16 pm
i always take my own photos before and after a lease.
rod
Rodney Worthington – Property Valuations
http://www.brisbane-property-valuations.com