What Is a Property Condition Report (PCR) – and Why Does It Matter?
- Alicia McCulloch
- May 29
- 2 min read
Updated: Jul 26
When leasing out your investment property, there’s one document that offers more protection than almost anything else: the Property Condition Report (PCR).
At Thryve Property, we consider this report a vital part of professional property management. It’s not just a formality — it’s your legal safeguard and the reference point for how your property should be returned at the end of a tenancy.
What Is a PCR?
A Property Condition Report documents the exact condition of a rental property at the start of a tenancy. It records the state of each room, surface, fixture, and appliance, along with accompanying photos and written notes.
This document is shared with the tenant when they move in, and referred to again at the end of the tenancy. It forms the basis for fair comparisons and ensures transparency throughout the lease.
What We Include at Thryve Property
At Thryve Property, we don’t cut corners. Our reports include:
High-resolution photos of each area of the home
Clear written descriptions of floors, walls, doors, windows, fittings, and finishes
Detailed notes on the condition of appliances, fixtures, and cabinetry
The more detailed the report, the better protected you are. It ensures everyone is on the same page and helps avoid unnecessary disputes.
Why a PCR Matters
A comprehensive PCR is essential for protecting your property and securing fair bond outcomes. Without one, it’s difficult to prove how the property was presented at the beginning of a lease, which can lead to financial losses.
For landlords, a well-prepared PCR provides clarity, accountability, and confidence in the management of your asset.
Need a Professional Property Manager?
If you’re unsure whether your current property manager is conducting proper PCRs — or if you’re managing your property yourself — we’re here to help.
Get in touch for a free consultation or property health check and find out how we protect your property from day one.
Alicia McCulloch
Thryve Property
0488 779 146
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