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44 South Broadway, Suite 301 White Plains, NY 10601 Property Condition Statement Applicants Name Property Address Due to the damage caused by Superstore Sandy, PURE is requiring all applicants to

How to fill out property condition statement

How to fill out a property condition statement?

1. Start by obtaining a property condition statement form from the relevant authority or organization. This form is typically used to document the condition of a property at the time of a sale, lease, or rental agreement.
2. Begin by providing your personal information, such as your name, contact details, and any other required identification information. This will help establish your connection to the property in question.
3. Carefully examine the property and note any existing damages, issues, or defects. This may include structural problems, plumbing or electrical issues, signs of wear and tear, or any other relevant concerns. Be as specific and detailed as possible in your descriptions.
4. Use the form's provided sections or designated areas to document each identified issue. This may include sections for different parts of the property, such as interior spaces, exterior features, or specific rooms like the kitchen, bathroom, or living area.
5. Provide a clear and concise description of each issue, including its location, nature, and severity. If possible, take photographs or videos to visually document the condition. This will help ensure accuracy and provide additional evidence if needed in the future.
6. If applicable, consult experts or professionals to assess and provide opinions on specific issues. This could be an architect, engineer, contractor, or any specialist relevant to the nature of the identified concern.
7. Review the completed property condition statement form thoroughly before submitting it. Make sure all information is accurate, legible, and supported by evidence if available. If required, seek legal advice or clarification on any specific sections before finalizing the form.

Who needs a property condition statement?

1. Property buyers: Potential buyers who are interested in purchasing a property may require a property condition statement to assess the condition of the property and determine if any repairs or renovations are necessary. It helps them make informed decisions and negotiate the terms of the sale.
2. Property sellers: Sellers may need to provide a property condition statement to disclose any known issues or defects to potential buyers. This is often a legal requirement to ensure transparency and prevent future disputes or legal complications.
3. Landlords or property managers: Before leasing a property, landlords or property managers may request a property condition statement to assess the existing condition of the property and establish a baseline for comparison at the end of the lease term. This helps protect their interests and ensures tenants are aware of the property's condition.
4. Tenants: Tenants may also request a property condition statement before moving into a rental property. This helps establish the initial condition of the property and avoids potential disputes with landlords regarding damages or maintenance issues that existed prior to their tenancy.

Overall, a property condition statement is a valuable tool for both buyers and sellers, as well as landlords and tenants, to assess and document the condition of a property accurately.

For pdfFiller’s FAQs

What is property condition statement?

A property condition statement is a document that provides detailed information about the condition of a property.

Who is required to file property condition statement?

Property owners or landlords are typically required to file a property condition statement.

How to fill out property condition statement?

To fill out a property condition statement, provide accurate and detailed information about the condition of the property, including any damages or maintenance needs.

What is the purpose of property condition statement?

The purpose of a property condition statement is to document the condition of a property at a specific point in time, often for legal or insurance purposes.

What information must be reported on property condition statement?

Information that must be reported on a property condition statement typically includes details about the structure, systems, and overall condition of the property.

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