The same two tenants renew their NSW lease for another 12 months. Six months later, a third person moves in as a new co-tenant. How many new condition reports are required?
Correct Answer
B) None, because neither a renewal nor a new co-tenant needs one
A condition report is completed at the start of a tenancy and again at the end, and it is the evidence of the property's condition before the tenant moved in. NSW Fair Trading guidance states that a new condition report is not needed if the same people renew the tenancy agreement, or if a new co-tenant or occupant moves in. The original report remains the benchmark.
Why This Is the Correct Answer
Both a renewal by the same tenants and the addition of a co-tenant are situations where no new report is required.
Why the Other Options Are Wrong
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