The relationship of landlord/tenant or lessor/lessee is created by contract. The person who owns the real property is known as the lessor or landlord. The lessee, or tenant, is the one who occupies the property.
Tenancies are classified by duration as tenancies for years, from year to year, month to month, and at will. A tenancy for years is one under which the tenant has an estate of definite duration. The term "for years" is used to describe such a tenancy even though the duration of the tenancy is for only one year or for less than a year. A tenancy from year to year or month to month is one under which a tenant, holding an estate in land for an indefinite duration, pays an annual, monthly, or weekly rent.
The Inventory checklist for rental property template is an essential tool used by landlords or property managers to document the condition and contents of a rental property before and after a tenant moves in or out. Its purpose is to protect both parties by providing a comprehensive record of the property's state, which can be referenced during inspections, disagreements, or disputes. This template typically includes a series of categories and subcategories covering various aspects of the property, from the exterior and interior structure to individual rooms and their contents. It allows for detailed descriptions, measurements, and even photographs to accurately capture the condition of each item or area. Keywords: Inventory checklist, rental property, template, landlords, property managers, condition, contents, tenant, move-in, move-out, document, comprehensive record, inspections, disagreements, disputes, exterior, interior, structure, rooms, contents, descriptions, measurements, photographs. Different types of Inventory checklist templates for rental properties may include: 1. Move-in Inventory Checklist Template: Used when a new tenant is moving into a property, this template focuses on documenting the pre-existing condition and contents to establish a baseline for future comparisons during move-out inspections. 2. Move-out Inventory Checklist Template: Created when a tenant is vacating the premises, this template helps assess the property's condition and determine any damages or deductions from the security deposit by comparing it to the move-in inventory checklist. 3. Routine Inspection Inventory Checklist Template: Used for regular maintenance or inspection purposes, this template enables landlords or property managers to assess the property's condition periodically, ensuring that tenants are maintaining it in good order and abiding by any terms or regulations. 4. Furnished Property Inventory Checklist Template: Tailored specifically for furnished rental properties, this template includes detailed descriptions of every piece of furniture, appliances, electronics, and other items provided by the landlord, ensuring their condition is accurately documented. Keywords: Move-in, move-out, routine inspection, inventory checklist templates, pre-existing condition, baseline, comparisons, damages, security deposit, regular maintenance, inspection, landlords, property managers, furnished property, furniture, appliances, electronics, items, accurate documentation.
