What is a final bond inspection?
A final bond inspection is what you carry out once your tenant has ended the tenancy and delivered a vacant property. When this inspection is carried out (either by you or your managing agent), the property should be compared against the Entry Property Condition Report.
The Property Condition Report is a report that’s carried out prior to your tenant moving into your property. It is a comprehensive document, which details the condition of your property, including any damages that were present prior to the tenant moving in.
Your rights & responsibilities - Property damages
You’re entitled to returned the property to the landlord in a clean (read our HAUSH tenant's guide to end-of-lease cleaning) and undamaged condition at the end of a tenancy.
There is, however, a difference between deliberate damage caused by recklessness and neglect and fair wear and tear. It is not tenant's responsible for fair wear and tear on the property, only the damages:
Curtains that are missing
Stains or burn marks on the carpet
Badly scratched or gouged wooden floors
Unapproved or poor-quality paint job
Burns or cuts in bench top
Holes in walls from tenant hammering in nails or from removing picture hooks or shelves
Water stain on carpet resulting from an overflowing bath or indoor pot plants
Paint damage resulting from removing decorations stuck with Blu-Tack or sticky tape
Deep flooring scratches (not surface marks) and ripped lino from moving furniture or white-goods
Furnitures broken in case the property is rented furnished.
So, what is fair wear and tear?
Fair wear and tear basically means the normal deterioration of a property from ordinary, everyday use. Such factors as exposure to the elements, time and just day-to-day living can cause fair wear and tear.
Although real estate and tenancy laws vary across the nation, the industry broadly accepts this definition of ‘fair wear and tear’.
At the end of a tenancy, using the Property Condition Report prepared at the beginning. we'll compare the condition of each item against the original details and discuss any issues like breakages, damages or missing items with the tenant. Doing this will let you work out what’s outstanding from your tenant, such as:
rent arrears owing to vacate date
outstanding water usage
cleaning costs (if the property was not left in a clean condition); or
Keys and security devices such as car park remotes and fobs
damage to the property and contents belonging to you (if applicable).
return of the keys
At the end of the tenancy, the tenant is responsible for returning all sets of keys provided to them.
If the tenant doesn’t return the keys, the landlord can hold them responsible for the cost of changing the locks or charge them rent until the keys are returned.
Bond refund or claim
A tenant must pay the rent up to and including the day their termination notice period ends and they vacate the property.
If a tenant does not owe the landlord money at the end of their tenancy and there is no damage to the property, the house is properly cleaned, the bond paid at the beginning of the tenancy should be refunded in full.
if any of the points mentioned above is violated, the landlord can make a claim against the bond.
want to ensure that you will return your property without compromise your bond?
If you want make sure that you will return your property without compromise your bond and your rental history. Contact our office or your property manager and they'll assist you before your final inspection.
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02 8123 8961
Shop 3 / 160 Anzac Parade, Kensigton
NSW 2033, Australia