Why Your Property Manager Needs Move-Out Addendums

WHY YOUR PROPERTY MANAGER NEEDS MOVE-OUT ADDENDUMS

Today I’ll go over how to present a tenant with what to expect when they move out.

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Here at Hawaii Property Management, we have all of our tenants sign a move-out addendum. This 15-point document states what the buyer must do when they decide to move out of one of our properties. By signing the addendum, tenants are required to do things like getting the carpets professionally cleaned and generally making sure the property is in the exact condition determined by the property condition form as when they moved in.

The property condition form is filled out and completed by a property manager prior to the tenant moving in. That way, we have a good basis for what the unit’s conditions were like at the time it was passed into the care of the tenant upon moving in.

We also do a 10-day walkthrough with the tenant after they move in to make sure the property condition form, the move-out addendum, and all the other documents filled out leave no room for surprises on the tenant’s part.

“Our goal is to prevent any sort of confusion in the process as a measure to protect the owners of the properties.”

We’ve been in a couple situations where we’ve taken over a tenant from another property manager, only to find that there were no addendums signed and no property condition forms filled out—there was only the five-page Hawaii Association of Realtors lease. That’s it.

If you have a property manager who doesn’t do a move-out addendum and a property condition form, you’ll have no way of knowing what the unit looks like when the tenant moves out.

Our goal is to prevent any sort of confusion in the process as a measure to protect the owners of the properties.

If you have any questions about this topic, feel free to reach out to me. I’d be glad to help and advise you.

Posted by: Hipacific on March 12, 2019

Posted in: Uncategorized