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To perform a condition inspection report for a new tenant, it's crucial to complete this before handing over the keys. This report is vital as it documents the state of the unit, helping to prove if any damage was done prior to the tenant's occupancy. Without it, it becomes challenging to hold the tenant accountable for damages, making it difficult to seek compensation through the tenancy tribunal or court. Additionally, failing to provide an accurate report may hinder the ability to retain the security deposit. It's important to accurately fill out the inspection report, which may vary by province or state. In this case, the focus is on British Columbia, where specific court systems handle tenancy issues.