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A condition report typically involves a physical inspection of the property, which may include surveys and testing of the propertys systems and components. The inspection is carried out ing to specific standards and guidelines, such as ASTM E2018-15 Standard Guide for Property Condition Assessments.
A PCA checklist should include a site assessment, evaluation of structural and interior components, building system inspections, and identifying safety hazards. Additional components may include accessibility, environmental concerns, energy efficiency, energy star benchmarking, and a seismic risk analysis.
If not, you could be putting yourself at risk of potential legal and financial issues. 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.
The standard scope of work for the Property Condition Assessment is defined by ASTM E2018 and includes a walk-through survey of the property to assess the condition of building systems, components and other property improvements, and interviews and documents review regarding the age and condition of property
Also referred to as a Property Condition Assessment (PCA), the Property Condition Report (PCR) assesses the physical condition through a thorough inspection. It evaluates all of the improvements and various systems of each building on a property.