Prioritizing the state of your property in Cambodia is important since you need to protect your investment. Not only will you have room to increase its value through natural and force appreciation but potential tenants will be more agreeable if the property looks excellent. Continue reading below to know everything you need about rental property inspection.
Rental property inspection in a nutshell is when a landlord or a property management agency that you hire checks the state of the property. This helps protect the investment and can effectively and easily attract interested parties when you put the the property back in the market for rent. Additionally, tenants can bring up any concern they have and request for it to be fixed as deemed necessary during the inspection.
Owners can check their property anytime they want, as long as there is no tenant living there. If they have signed a contract with a tenant, then rental property inspection has to be scheduled.
However, owners do not often add checking the property in the lease agreement since there is a misconception that they can simply visit the home anytime they want. This is not possible unless a schedule has been arranged with the current tenant in a time that works for both parties.
Additionally, there are four types of property inspection that you need to know:
Since rental property inspections are necessary, scheduling it once a year is the least that is expected for owners. The number of times it can be scheduled annually is different per country but the average is three times a year. Four times can be the maximum number of inspections and will allow owners like you to stay up to date with how your property is being used.
When arranging the schedule, the tenant has to be notified a week before the arranged inspection day in order to give ample notice. The time when the property is checked also needs to be conducted during acceptable daylight hours, say from 8 AM to 5 PM.
In line with inspections, it’s not always just the tenant that should be informed but the appropriate property management service as well. Not all rentals have these services but if they do, then you need to coordinate with them since they manage and oversee the general quality, status, and upkeep of the properties.
These services are not only valuable for owners but for tenants as well since they can acquire maintenance and more services if necessary. This also means that when you conduct a rental property inspection, the scheduled visit will be arranged and coordinated by the property management service, making it easier for both parties to go through them.
A variety of things needs to be checked and paid close attention to during the rental property inspection. Since the priority of the owner and tenant can be different despite the goal of ensuring the home is without problems, IPS Cambodia has curated a checklist you’d need whenever there is a rental property inspection. See the checklist for owners and tenants below.
When conducting the rental property inspection, as the owner of the home, you need to pay particular attention to the following:
When there is a rental property inspection, as a tenant, you can pay attention to a couple of things and bring it up for repair or replacement if necessary. Here’s the things you need to check:
It is important to protect your home against threats like burglary, intrusion and fire. Learn valuable safety precautions that will reduce the risk of an injury or death occurring in your home.
Before listing your property with numerous agents, find out what exclusive listing is and why you need to do it here at IPS Cambodia.
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