Tenants can also utilize this so they will not receive deductions from their security deposit if the landlord claims damages for something that was already included in the checklist prior to the occupancy. Both parties should examine the property together before the tenant moves in to catalog all the existing damages. Once the damages are registered, the landlord (or their representative) and the individual who will be residing within the premises should sign off on the document. This will subsequently occur again at the time of the tenant’s move-out date.
Homebuyers & Sellers – If involved in the purchase/sale of a residential property, you are going to want to alternately execute the property disclosure statement that requires the seller to record the present condition of the property and any of the mechanisms within it.
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