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People move all the time, whether it be for professional or personal reasons. Several things need to be dealt with when tenants end their tenancy, and the process can get complicated if not done in an organised manner.
Similarly, landlords also have to go through a checklist to ensure a smooth transition. Landlords can get the whole process done easily through property maintenance companies such as Pinpoint Homes that handle all the aspects of renting out a property. Here’s a list of things a landlord should check off when their tenants are moving out:
Be prepared for the handover
It is important for the landlord to be prepared for their tenants moving out. Make sure you know when the tenancy ends and when the tenants actually plan to move. Remind the tenants of the things they need to do according to the contract before leaving. Arrange for the inspection of the property and the date on which you’ll get your keys back. All the communication should be clear so that there is no misunderstanding about the handover.
Inspection of the property and return of the deposit
One of the most important documents to have with you is the original inventory or condition report of the property. This will allow you to inspect the property for any damages that aren’t fair wear and tear. If there are any damages to the property that weren’t originally there before the tenants moved in, discuss the cost of it with the tenant and agree on the portion of the deposit that will be returned.
Back on the market
Once all the details and dates of the move have been ironed out with the tenants, the property can be put back on the market. It is best to find new tenants while the current ones are in the process of packing. Mention the date the property will be available to rent again and, with luck, you’ll find someone willing to move in on that date itself. This can ensure that your property doesn’t sit idle for long.
Preparing for new tenants
Landlords need to ensure that the property is safe and ready to be occupied by new tenants. You should be aware of the regulations regarding smoke and carbon monoxide alarms. These alarms should be checked on a regular basis along with any gas appliances to ensure they are safe to use and in proper working condition. You should also ensure that the property is clean and that all the bills are paid before a new tenant moves in.
The end of a tenancy can be a complicated and stressful process with a lot of steps, but it doesn’t need to be. With the help of a checklist and a property management company, the process can be completed smoothly and your property can be ready to rent fast now that the demand for rental properties is rising again. Make sure that you communicate with your outgoing tenants about all the procedures that need to be completed before they leave so that you both are on the same page and can avoid any issues.