A property inspection is when someone goes to a property to make sure that it is in good condition and that there are no damages before renting it. This is important for both the landlord and the tenant because it protects them from having to pay for damages that they did not cause.
The landlord and tenant should go through the apartment together and inspect every nook and cranny. They should make a note of any damages, no matter how small, and agree on what needs to be fixed. They should also agree on what is considered normal wear and tear. This way, there are no surprises when the tenant moves out and the landlord does a final inspection.
More importantly, property assessment is vital for landlords because it can help them identify any potential problems with the property that could cause problems for future tenants. It can also help landlords decide how much rent to charge for the unit or house.
However, most tenants may not think property inspection is equally important to them. Read this article to learn why it is.
The Importance of a Property Inspection
A rental property inspection is an inspection of the condition of a rental property, typically conducted by the property owner, tenant, and property manager. The assessment is done to document the state of the property prior to the start of a lease.
It’s important for tenants to get a rental inspection done before moving in so that they can have a strong defense against any damage claims from the landlord. If they don’t do an inspection, they’ll have to rely on the landlord’s version of the property’s condition.
When Property Inspection Is Done
It is crucial for both landlords and tenants to have a property inspection company inspect the property before the tenant moves in. This will allow both parties to identify any damage to the property and avoid any disputes that may arise in the future.
The midterm inspection is an inspection that the landlord conducts halfway through the lease agreement period. This is done in order to make sure that the house is in the same condition as when a specific tenant moved in.
If anything is damaged or broken, the landlord can intervene. The landlord can also monitor the tenant’s usage, and the tenant can bring up anything that needs to be fixed.
At the end of the lease agreement, the landlord and tenant will do a final inspection of the property. This is to make sure that the property is in the same pre-renting condition and to document any damage. If there is any damage, the tenant will either repair it before moving out, or the landlord will deduct the cost of repair from the tenant’s deposit.
Performing a rental property inspection is essential for the landlord to make sure the property is in good condition and the tenant is following the terms of their lease. It is especially beneficial for the tenant to have an inspection because it can help them identify any potential problems with the property that need to be fixed.
Do you need a home inspection in Tulsa? Turn to AEI Inspections. With over 30 years of experience in home inspection and structural engineering, our team has the extensive knowledge and background needed to identify structural issues and perform testing and troubleshooting of all residential home components and systems. Schedule an inspection now.