05 Apr '18, 1am

Overseas property management 101: Paperwork you should be aware of

Once a suitable tenant has been found and approved of, it’s time to talk about the paperwork – and yes, the amount of it is substantial. Here, we list a few of the more important ones. The Inventory It is advisable to conduct an inventory check before every tenancy your property receives. If you agree to this, City Docklands Limited will arrange for an independent contractor who will do a thorough examination of your apartment and compile an inventory report. Picture: Getty This inventory report extends beyond merely listing the furniture in your property; it also includes detailed descriptions of the state of each piece of furniture down to the scuff marks, the working condition of the fixtures, and any signs of wear and tear on the flooring or the walls. A detailed inventory makes resolving potential issues with the tenant regarding damages much easier, so even though th...

Full article: https://www.iproperty.com.sg/news/overseas-property-manag...

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