13 Feb The importance of preparing an investment for Tenancy
The Property Management team at Astute Realty – Hope Island, understands the importance of the Entry Condition Report at the start of a General Tenancy Agreement. When a tenant moves into a property, both the tenant and the managing agent are required to complete an entry condition report.
This report is an extremely important document as it is a record of the condition of the premises at the start of the tenancy.
When completing an Entry Condition Report, it is not just a case of ticking and flicking that everything is clean, working and undamaged. Time needs to be taken to describe all of the fixtures and fittings. The Report is generally 12 pages long, with up to 300-400 date stamped photos taken by Astute Realty for a 4 bedroom, 2 bathroom, 2 garage property. The report is then used throughout the tenancy as a point of reference as well as at the end of the tenancy.
If you fail to describe the inclusions, fixtures and fittings in fine detail, it can cause unnecessary disputes at the end of the tenancy or lead to a possible financial loss for the property owner.
The more detailed the entry condition report, the easier it will be to over-come disputes at the end of the tenancy, and the better kept your investment property will be over time.
For peace of mind, call the Property Management team –Click to contact Astute