Renting and the Entry Condition Report

When renting out an investment property, most landlords will require the tenants to fill out appropriate paperwork in order to protect their investment. One of the ways of doing this is by completing an entry condition report. It is a fairly basic form and largely self-explanatory, however accuracy in filling out the report is recommended. The reason for this is that it gives a clear picture and an opportunity for all parties to agree on the state the property was in at the time the tenants moved in. It can make everyone feel more at ease from the beginning.
The form is set out in sections and covers each room in the house. Both landlord and tenant are required to fill out this report. Methodically going through the house room by room and making a note of any marks, damage, condition of floor coverings, walls etc provides a clear picture of what the property was like prior to tenancy. Filling out an entry condition report give a chance for the landlord and the tenant to compare reports and recheck items in order to come to an agreement. In this way landlords can be assured their rentals Bunbury will be in a similar condition at the end of the tenancy agreement and the tenants are protected from being expected to pay for any existing damage.
In light of this, it isn’t just the landlord an entry condition report protects. The tenant also is protected by recording accurate information on this form. Once both parties agree on the report, a copy should be given to your real estate Bunbury agent and the landlord and tenant should retain a copy for their own records. Because this form is a legal document and is what will be referred to when the tenants vacate the premises, it should be kept in a safe place. As long as the condition of the property on completion of tenancy is similar to that of the entry condition report, any bond monies paid will be able to be returned to the tenant.
Of all the forms filled out when renting a property, the entry condition report is one of the most important. It is standard procedure in the case of entering a rental agreement, and is best filled out prior to moving into the property. It is more difficult to complete an entry condition report once the tenant has moved in as furniture and boxes can obscure the view of walls and floor coverings. Most of the time there are no problems, and fair wear on a property is accepted as normal. Take the time to make an accurate record on your entry condition report an all can relax and be assured of a positive rental experience.