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Before renting a property, it’s essential to perform a property inspection. This ensures that both the interest of the landlord and tenants are protected. This may seem like a tedious task for landlords, but failure to do so will leave them with minimal backup should anything be damaged in the property by the tenants living there. This also protects the tenant, utilizing a third party ensures a fair representation and documentation of the property or apartments condition.
If you’re a landlord or you’re thinking of renting a new apartment, ensure you read to the end to discover why you need to perform a property assessment before renting a unit or a house.
What Is a Rental Property Inspection?
A rental property inspection is an inspection to document the condition of the property prior to lease. It usually involves the property owner, the tenant and the property manager reviewing the property thoroughly to assess its condition.
Why Is It Important?
Rental inspection is as important to the tenant as it is to the landlord. Tenants who have a property inspection completed have a strong defense for any damage claims. Failure to perform rental property inspection before moving in will leave them at the mercy of the landlord's version of the property's state.
When You Should Perform One?
Property inspection companies should be engaged to inspect before the tenant moves in. Doing this will ensure that both the landlord and the tenant ascertain the house's damages, so the landlord won't hold the tenant accountable in the future.
Landlords can also opt for a midterm inspection service and conduct an inspection halfway through a lease agreement period, to ensure that the house is in the same state as when the tenant moved in. This allows the landlord to intervene if anything has been damaged or broken. It also allows the landlord to monitor his tenant's usage . It also enables the tenant to bring up anything that might need to be fixed or repaired . During the midterm inspection, both parties should record and document any form of damages in the house or any repairs to be made.
Ready for an inspection?
Lastly is at the expiration of the lease agreement. This ensures the condition of the property is fairly documented and any charges assessed are backed by photo documentation. If there's any damage, the tenant rectifies it before packing out, or the landlord will deduct the repair money from the tenant's deposit. It's important both parties are present for all the inspections.
Performing a rental property inspection is highly beneficial for both the landlord and the tenant. At SGPNow, we offer a wide range of services, including property inspections, maintenance services, seasonal services such as winterization, property sanitization and debris removal, property registration, and renewal. Our experts are a click to provide inspection and other property services.