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what is a property condition report

1Answers

SanAdriel

11/28/2025, 06:04:24 AM

A property condition report is a survey that assesses the physical state of a building or property, often used during real estate transactions, leasing, or financing to identify potential issues and estimate repair costs. It includes a visual inspection of the property's structure, systems (like mechanical and electrical), and site features, and categorizes deficiencies by severity to inform future maintenance or repair budgets.

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