If I purchase a property that is currently leased privately with tenants on month-month agreement (contract expired), is a new condition report required upon title being transferred?
I would have thought a condition report was only required when moving into the property and moving out regardless of tenancy term?
Also if I am planning to renovate an IP after tenants move out, would damages noted on exit report be void if items are being replaced/repaired? eg. hole in kitchen cupboard (kitchen being replaced) or holes in doors and plaster etc. or can this still be claimed as it is outside of 'fair wear and tear' IMO.
In the process of trying to negotiate with stubborn tenant who feels leaving a property in an unlivable (definitely unrentable) condition is OK due to the fact I mentioned it was being renovated..
I would have thought a condition report was only required when moving into the property and moving out regardless of tenancy term?
Also if I am planning to renovate an IP after tenants move out, would damages noted on exit report be void if items are being replaced/repaired? eg. hole in kitchen cupboard (kitchen being replaced) or holes in doors and plaster etc. or can this still be claimed as it is outside of 'fair wear and tear' IMO.
In the process of trying to negotiate with stubborn tenant who feels leaving a property in an unlivable (definitely unrentable) condition is OK due to the fact I mentioned it was being renovated..