Insurance liability claims often stem from a dangerous condition or state of disrepair at your investment property. This is why it’s important routine inspections to be carried out during the length of a tenancy.
Having a tenant present at an inspection is preferable because they can point out any defects. However, if they are unavailable, you may like to ask that they leave a note that highlights any issues.
When conducting an inspection, you should look for things that may cause a potential hazard, including:
- structural cracks;
- loose or rusted balcony or stair rails;
- faulty smoke detectors;
- the rise of mould; and the decay of timber (dry rot) in buildings and other wooden structures.
After an inspection, note your findings and work on how to rectify the issue. Qualified professionals should be engaged to see to any repairs or maintenance issues. Inform the tenant of the scheduled repairs as well.
Scheduling regular inspections allows you to assess the condition of your rental property and quickly respond to any issues.
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