Exit Condition Report

A thorough exit condition report is one of the most crucial steps in protecting your investment property. When a tenant moves out, it's essential to have a clear, comprehensive record of the property's condition. It is important that your property manager compares the exit condition report to the entry condition report and holds the tenants accountable for any changes to the property that are not classified as fair wear and tear. Should any discrepancies arise, an extensive Entry condition report, and subsequent Exit condition report, are the documents that will support a bond claim or an insurance claim. 

Without an extensive report, and comparing and critiquing any changes to the property, you could be stuck covering costs for damages or wear and tear that tenants should be responsible for. A thorough report protects you from disputes, guarantees you know the state of your property, and gives you peace of mind that it’s ready for the next tenant without any hidden surprises.