Property Condition Report Questions PDF
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Summary
This document contains questions about property condition reports, tenant's and landlord responsibilities in regard to property maintenance, and differences between building and PNO insurance policies. The questions cover topics like defining wear and tear, dealing with disputes over deductions, landlord responsibilities, and policy differences.
Full Transcript
## Written questions 10 points 1. What is the main purpose of a property condition report at the end of a lease? It helps determine any damages, compared to what the conditions were at the beginning of the lease and the end of the lease, in order to justify deducting of the security deposit. 2. D...
## Written questions 10 points 1. What is the main purpose of a property condition report at the end of a lease? It helps determine any damages, compared to what the conditions were at the beginning of the lease and the end of the lease, in order to justify deducting of the security deposit. 2. Define normal wear and tear and provide 2 examples? Normal wear and tear refers to the expected deterioration (abnutzung/verschleiß) of a property over time (such as fading paint or minor carpet wear) that does not justify security deposit deduction. 3. When a tenant disputes a deduction from their security deposit, what should the property manager do? First thing to do is to check the condition, compare it to the condition report, communicate transparently and clear to the tenant and justify the deduction, If the tenant is still not accepting the deduction, let a mediator come in Last option initiate legal action 4. What are the key responsibilities of a landlord in regard to property maintenance and safety? A landlord is responsible for ensuring the property is safe, habitable/livable and meets all health and safety standards. This includes structural repairs, electrical safety, plumbing and other maintenance tasks 5. How does a building insurance policy differ from a PNO policy in terms of coverage? (Session 7-8, slide 11) Building insurance covers the physical structure and common areas of the property while PNO insurance covers the owners liability and potential risks when the property is vacant.
