Real Estate Audit Checklist

Property Audit Checklist

Name

Email

Subject Property

Prepared by

[your name]

[your company email]

Lot 101, Sunny Dale Avenue

[your name]

Property Documentation:

  • Do you have the original deed/title for the property?

  • Is the property survey up-to-date and accurate?

  • Are all necessary permits and approvals in place?

Financial Records:

  • Are financial records (income, expenses, taxes) up-to-date?

  • Have all rent payments been accounted for?

  • Are there any outstanding bills or liens on the property?

Lease Agreements:

  • Are lease agreements signed and current for all tenants?

  • Have rent increases been documented and communicated?

  • Are security deposits properly handled and documented?

Property Maintenance:

  • Is the property well-maintained and in good condition?

  • Are safety inspections and maintenance logs up-to-date?

  • Are repairs and maintenance expenses documented?

Insurance Coverage:

  • Do you have adequate property and liability insurance?

  • Is the insurance policy current and up-to-date?

  • Have insurance claims been processed, if necessary?

Tenant Relations:

  • Are tenant complaints and issues addressed promptly?

  • Are there any unresolved disputes or legal actions?

  • Are lease renewals and terminations handled according to the law?

Environmental Compliance:

  • Are there any environmental hazards or concerns on the property?

  • Is the property compliant with all environmental regulations?

  • Have necessary inspections or assessments been conducted?

Security Measures:

  • Are security systems (e.g., alarms, surveillance) operational?

  • Are access control measures (e.g., locks, gates) effective?

  • Have security incidents been properly documented?

Tenant Screening:

  • Do you have a rigorous tenant screening process in place?

  • Have you conducted background checks on all tenants?

  • Are there any unauthorized occupants in the property?

Legal Compliance:

  • Is the property compliant with local zoning laws and regulations?

  • Are there any pending lawsuits or legal issues related to the property?

  • Are all lease agreements in accordance with local tenant laws?

Financial Planning:

  • Is there a budget in place for property expenses?

  • Are you maximizing income potential and minimizing costs?

  • Are you planning for future renovations or improvements?

Emergency Preparedness:

  • Do you have an emergency response plan in place?

  • Are emergency contact numbers readily available?

  • Are fire safety measures up-to-date and functioning?

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