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To conduct a condition inspection report for a new tenant, it's crucial to complete this before handing over the keys. This report serves to document the unit's state, making it easier to prove any pre-existing damages that aren't the tenant's responsibility. Without this, recovering costs for damages or adjusting security deposits could be challenging if disputes arise. Ensure that all information is filled out accurately. It's important to note that each province or state has specific regulations and courts dedicated to tenant issues, so be sure to adhere to local guidelines.