This is a report that is compiled at the commencement of a tenancy prior to your tenant moving into the property. This report outlines the condition of the property at the commencement of the tenancy and is used when the tenant vacates to ensure that the property is left in the same condition. This is the last inspection carried out as soon as possible after the end of a tenancy, when the tenants have returned their keys. The Property Condition Report is used at this inspection and each item is checked off to make certain that the property is in the same condition as when the tenant took possession. It is at this inspection that any items that need to be rectified by the tenant are identified.

Routine inspections are conducted after a tenant takes possession of the property and are conducted every four months. These inspections are essential to ensure that your property is being maintained to an acceptable standard and to identify any maintenance that may be required. A copy of the routine inspection report is forwarded to you after each inspection and should it be necessary, a member of the P & G Mode Realty Property Management Team will contact you to discuss items noted on the report.

DO YOU HAVE LANDLORD'S STRATA INSURANCE!

Strata insurance can sometimes be a complicated area of strata management.One of the most common areas of confusion is the point at which BUILDING INSURANCE stops and LANDLORD'S INSURANCE starts.

 If you live or own a strata home unit, the structure of the building and your fixtures are covered for "accidental damage" under the Owners' Corporation Building Insurance.

Fixtures covered under this insurance include built-in wardrobes, kitchen cupboards, stoves, basins, toilets etc. Unlike a home owner, individual unit holders do not have to take out Building Insurance.

What you are able to take out is Landlords Contents Insurance.

This insurance covers the internal items not covered by Building Insurance, such as dishwashers, carpets, paintwork, wallpaper, light fittings, curtains etc.

Whilst your fixtures are claimable under Building Insurance when 'accidentally damaged', the maintenance of these fixtures still remains your responsibility. For example, the kitchen doors are your responsibility to repair, but if a fire occurs and the doors are accidentally damaged, the replacement or repair of the doors could be claimed under the Owners' Corporation Building Insurance.

Unfortunately, a very large number of owners don't bother to take out Landlords Contents Insurance in the mistaken belief that any damage caused to their belongings through no fault of their own will be covered by the Owners' Corporation Building Insurance. Whether you are an investor or a resident owner, Landlords Contents Insurance should always be a top priority. There are excellent Landlord Insurance policies that cover damage to carpet, paintwork, public liability and loss of rent for very low premiums.

Don't leave it to chance - Landlords Contents Insurance is an important factor that is often too easily overlooked. We cannot recommend it highly enough.
 

LANDLORD'S STRATA INSURANCE.

The companies pictured on the right, specialise in landlords insurance.

Click on the respective pictues for further information.