Rental property condition assessments are due diligence developments related to the real estate ready to be rented out. First, a thorough assessment or inspection of the property in question is done and then a report is made known as a rental property condition assessment form or report. It is then delivered to the second party the client within a reasonable time of the deal.
This report holds many benefits in the case of a dispute between both parties, over petty issues like whether one of the parties has inspected the place properly or not, this rental property condition report will work as evidence of the condition of the premises at the time when the deal was done.
In some areas of the world, the owner is bound by law to provide the property condition assessment to prove that the place is fit to live and is in reasonable condition concerning maintenance, cleanliness, and other areas. This assessment form has another function to fulfill as well. At the end of the term, the tenant is expected to leave the place in the same condition mentioned on the form.
This report should be handed over to the tenant along with the keys to the premises or at least within a very short period of moving into the rented place.
This rental property condition assessment form may also be filled in during the tenancy so that a proper check on the condition of the premises is done and any issue can be timely pointed out.
You can design an assessment form with the help of a template. This ensures that all the required items are checked and filled in making the assessment less time-consuming and more efficient. It is advised that at the end of this rental property assessment, both parties should sign the form or document to ensure that it was done in their presence and they both agree to the contents. In this way, the report can be used for future reference.
Preview and Details of Template
File: Word (.doc) 2003+ and iPad
Size 222 KB
- Project Manager Resume Templates
- Software Engineer Resume Templates
- Registered Nurse Resumes
- Service Offering Description Form
- Inventory Planning Sheet Template
- Product Catalog & Pricing Form
- Vendor & Supplier Information Form
- Startup Budget Form Template
- Business Proposal Summary Sheet
- Company Background Form
- Resume Templates
- Mission and Vision Statement Form
- Fuel Cost Analysis Worksheet
- Daily Operations Checklist
- Operating Expense Form