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Greater boston real estate board apartment condition statement

Apartment condition statement 2025

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The document is an Apartment Condition Statement from the Greater Boston Real Estate Board, which outlines the process for tenants to acknowledge the condition of a rented premises. It requires tenants to review and sign the statement within 15 days of receipt or moving in, noting any discrepancies on a separate list. Additionally, it includes a worksheet for landlords to calculate security deposits, accrued interest, damages, unpaid rent, and totals due to both lessee and lessor.

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What is the purpose of the condition report?

The condition report is a record of the condition of the property at the point you move in. When you move out, any damage not listed in the condition report (that isnt considered reasonable wear and tear) may be used by the landlord or agent to claim some of your bond money.

What is an apartment condition report?

A condition report is a document that outlines the condition of a property before a tenant moves in or a buyer takes possession. It includes details about the propertys cleanliness, damage, and any repairs needed. Its an essential document that protects both the landlord and the tenant or buyer.

What happens in a condition survey?

It involves a thorough inspection of the buildings structure, systems, and components, such as the roof, walls, floors, electrical and mechanical systems, and any other relevant features.

What to include in an apartment condition statement?

The Apartment Condition Statement includes several fields that the tenant and landlord must complete to ensure clarity regarding the condition of the rental property. This includes sections for tenant information, inspection results, signatures, and dates.

How long does a property condition report take?

Usually, youll get a report within three or four days. At this point, the buyer can request that the homeowner make repairs or hire contractors to do the work before closing. Some repairs are required to be made, especially if the inspection report finds code violations or problems with water seeping into the home.

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How do you describe the condition of an apartment?

Be thorough and include all elements like walls, floors, ceilings, fixtures, and any appliances or furniture. Use detailed descriptions: For each item, provide an accurate description of its condition, using terms like new, good, worn, etc.

What is the statement of condition?

Statement of condition. A document describing the status of assets, liabilities, and equity of a person or business at a particular time.

Apartment condition statement 2025

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