Apartment inspections help you protect your investment- the building. While your land doesn’t depreciate over time, your building condition will if you don’t put money into maintaining it.
Having an apartment inspection form helps you know your property’s condition at specific points in time. And contrary to popular belief, the apartment inspection form also protects tenants. The form records property condition so tenants don’t have to pay for damages or repairs that weren’t from them.
Let’s look at the most important information you should collect in your apartment inspection form with a free template to get you started.
The primary goal of your apartment inspection form is to provide a documented record of your rental property at different points in time. This helps you determine your property condition, maintenance costs, and even your property value if you want to sell or review your rental fees.
The apartment inspection form also ensures you don’t hold tenants responsible for pre-existing wear and tear. This puts you in good standing with tenants and prevents you from becoming a cautionary tale that potential tenants avoid.
Typically, there are two main types of apartment inspection forms:
Inspection varies depending on your building structure but here are the most common areas you must inspect when carrying out your inspection:
Here are the most important information your apartment inspection form must include:
Exterior Inspection (Optional)↓
Depending on your apartment building you may not always have to do exterior inspection but if you do, here are some things to look out for.
There are so many cases of landlords and tenants having long and unresolved disputes over repair and damage responsibility. Taking proper notes during your inspection ensures you don’t fall into this trap, here are some of the other benefits of a proper inspection form:
A detailed inspection form shows the property’s condition before the tenant starts living there. This helps you prove the property’s condition, and protect yourself from wrongly being charged for damage.
The inspection forms work both ways, for the tenants and landlords. The inspection form also ensures the tenants don’t pay for damages they are not responsible for and get back their security deposit.
Security deposit deduction is a major source of disagreement between renters and landlords. Having a detailed inspection form lays out a clear starting point for figuring out what’s normal wear and tear versus damage the tenant did. Inspection forms also serve as proof in mediation or court, especially if you have photos or videos.
Checking your property regularly and writing down what you find helps you spot problems and make necesaary repairs before they get worse. It also guides tenants to take better care of the apartment and avoid causing damage that might cost them their security deposit.
Here are some best practices to ensure you get the best out of your apartment inspection form:
Apartment inspection forms protect you and your tenants; they document the property’s condition before and after tenants stay in your apartment and prevent unnecessary disputes.
However, apartment inspection forms are only effective when they are comprehensive. Using a pre-built inspection template ensures you don’t forget any of the information you need about the apartment’s condition and saves you the time you would have spent creating one from scratch; here’s a free template to get you started.
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