What is the purpose of an 'Inventory of Condition' report?

The purpose of an 'Inventory of Condition' report is to record the state of a leased property for maintenance responsibilities. This report plays a crucial role in establishing a detailed account of the property's condition at the beginning of a lease. It includes notes and photographs of existing issues, repairs, and general wear and tear, which can later inform both the landlord and the tenant regarding maintenance obligations.

By having this documentation, both parties can clearly understand what is expected in terms of property upkeep, what is considered normal wear and tear, and what may need to be addressed before the lease ends. This report serves as a reference point during the tenancy and helps to prevent disputes over condition and responsibilities when the lease concludes.