What Is A Condition Report And Why Should You Take It Seriously?
A Property Condition Report (PCR) is prepared to assess the property's general condition and repair needs. Every rental agreement must include a condition report, which the landlord must complete at the start and end of a tenancy.
The tenant will receive a copy of the PCR and will be able to dispute any item and request the inclusion of additional items. At the end of the lease period, the landlord will compare the initial and final condition reports to see if any property damage occurred.
Why Is A Condition Report So Important?
A property condition report describes a property's condition at the beginning of the lease. When the tenancy expires, and there is a dispute about property damage or disrepair, the condition reports are reviewed by the Tribunal or Court to determine who is liable.
A condition report is also essential for determining how the rental bond should be returned or whether the landlord should be compensated. If a PCR accurately describes the property's condition at the beginning and conclusion of the lease, it might lessen the chance of disputes between the landlord and renter.
How Does A Condition Report Work At The Start Of The Tenancy?
The landlord must prepare a condition report based on a thorough property inspection within seven days of the tenant's move-in. When a condition report is created, the landlord must provide copies to the renter.
The renter should do a thorough property inspection after getting the documents. If the tenant opposes any aspect of the report, they must state their objection to the document and return it to the landlord within seven days. Don't forget to take many photos of the property; you can use them to back up your claims in your condition report.
What To Expect From A Condition Report At The End Of A Tenancy
The landlord and tenant are required to prepare a second condition report together at the end of the tenancy. Upon completion, the landlord must provide a copy to the tenant. It is presumed to be accurate if both parties sign the condition report. So, the tenant should carefully examine the landlord's report and express any disagreement.
The landlord might complete the condition report without the tenant's participation if the tenant was given a reasonable opportunity to attend but declined. However, the landlord and tenant should collaborate to find a convenient time to complete the condition report together.
Conclusion
A condition report allows you to document the condition of a property at the start and end of a tenancy. Landlords and tenants should follow the appropriate procedures to ensure that the condition report is delivered in accordance with the agreed-upon deadlines.
Contact us today if you're having difficulties with your PCR, if you need to draw one up, or you want to learn more about the process.
Disclaimer: The information provided is for guidance only and does not replace independent business, legal and financial advice which we strongly recommend. Whilst the information is considered true and correct at the date of publication, changes in circumstances after the time of publication may impact the accuracy of the information provided. PRD will not accept responsibility or liability for any reliance on the blog information, including but not limited to, the accuracy, currency or completeness of any information or links.
