Why is condition of property checklist is important at move in...? If you have rental property you are allowing someone to occupy your property and withholding a deposit to secure collateral against unpaid rents and damage to the property. Collateralizing against possible damages is important because trying to get your money for damages after the fact is a little more difficult. This keeps everyone honest but the single largest missed item is the move in checklist. Perhaps the most important precursor to signing a lease agreement is the proper completion of a property condition checklist PRIOR to your tenant’s move-in. This way both parties are in agreement on the property condition prior to move in and acts as a clean slate.
Upon the tenant moving out, the landlord or property manager is expected to do a walk-through of the premises and determine which, if any, damages are beyond normal wear and tear. If any damages are found to be a result of the tenant’s occupancy, you may charge the amount required for repair to their security deposit. Any damages which exceed the deposit amount should be pursued through either small claims court or a collection agency.
If you own property and you are not getting regular property inspections and a move in condition checklist you are putting yourself at greater risk of being stuck with the damages even if you collected a deposit. If you would like to know more about this and other processes we have in place to protect our clients please contact us today for a free estimate.
We can be found at www.865Properties.com