The Importance of Condition Reports

If you are moving into rental premises, there are a few things you need to know so as not to get caught out by an unscrupulous landlord. If there is previous damage to a home, then you need to make sure these things are noted on the condition report so that you don’t end up financially responsible for the repairs. Sadly, there are a few out there who would take advantage of such situations if you are not careful. Renting through a professional property management company is definitely the best way to go in comparison to renting privately where all sorts of issues could arise. To prevent any issues, a lease agreement and an entry condition report should be completed by both parties to avoid any legal issues at the end of the lease.

What is an entry condition report, and why is it so important?

An entry condition report is a document that lists any previous damage or problems in a rental property. These things are listed so that the next tenant to rent the property is aware of any potential issues prior to moving in. The tenant should go through the home with the condition report to make sure he or she agrees with what is written on the report and add things they notice to the report as well. Once both parties have signed the condition report, it is legally binding. This means that the tenant will be responsible for any damage that is not on the condition report at the end of their lease agreement.

The Importance of Documenting Damage to a Property

This is why it is so important to make sure you document any damage you see that the owner or agent may have missed.It ensures that you will not be held legally responsible for the damage and potentially loose your bond. It does not matter if you are renting a property for commercial or personal use, if you fail to take the time to fill in the condition report, then you will be held responsible for any damages that were not mentioned on the condition report. This applies to damages that may have been caused by you or past owners / tenants. Renting through property management in Forest Lake professionals will make sure everything is fair and within legal boundaries.

Renting premises through property managers Forest Lake is a great way to ensure that you are in good hands. A property manager can make sure all the paperwork is taken care of and will also remind you about completing the condition report. Property managers can take the stress and worry out of renting.

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