{"id":3336,"date":"2022-09-14T17:16:57","date_gmt":"2022-09-14T17:16:57","guid":{"rendered":"https:\/\/development-partneresi-clients.connect.media\/?post_type=glossary&p=3336"},"modified":"2024-07-16T12:51:33","modified_gmt":"2024-07-16T19:51:33","slug":"property-condition-assessment-property-condition-report","status":"publish","type":"glossary","link":"https:\/\/www.partneresi.com\/resources\/glossary\/property-condition-assessment-property-condition-report\/","title":{"rendered":"Property Condition Assessment \/ Property Condition Report"},"content":{"rendered":"<p>A <a title=\"Property Condition Assessment\" href=\"https:\/\/www.partneresi.com\/services\/property-condition-reports.php\">Property Condition Assessment<\/a>, also called a Property Condition Report, is an evaluation of the capital expenses that will likely be required to maintain an asset in the short- and long-term.<\/p>\n<p>The standard scope of work for the Property Condition Assessment is defined by <a title=\"Definition of ASTM\" href=\"https:\/\/www.partneresi.com\/resources\/astm-aai.php\">ASTM<\/a><a title=\"ASTM 2018\" href=\"https:\/\/www.partneresi.com\/resources\/glossary\/astm-e2018-15-standard-property-condition-assessments\"> E2018<\/a> and includes a walk-through survey of the property to assess the condition of building systems, components and other property improvements, and interviews and documents review regarding the age and condition of property improvements. The Property Condition Report includes tables of the short-term capital expenses <a title=\"Immediate Repairs Table\" href=\"https:\/\/www.partneresi.com\/resources\/glossary\/immediate-repairs-table\">(<\/a><a title=\"Definition of Immediate Repairs Table\" href=\"https:\/\/www.partneresi.com\/resources\/immediate-repairs-table.php\">Immediate Repairs Table<\/a><a title=\"Immediate Repairs Table\" href=\"https:\/\/www.partneresi.com\/resources\/glossary\/immediate-repairs-table\">)<\/a> and long-term capital expenses <a title=\"Replacement Reserves\" href=\"https:\/\/www.partneresi.com\/resources\/glossary\/replacement-reserve-table\">(<\/a><a title=\"Definition of Replacement Reserves Table\" href=\"https:\/\/www.partneresi.com\/resources\/replacement-reserve-table.php\">Replacement Reserves Table<\/a><a title=\"Replacement Reserves\" href=\"https:\/\/www.partneresi.com\/resources\/glossary\/replacement-reserve-table\">)<\/a>.<\/p>\n<p><iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/uw_cgfoiPrE\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>PCAs can help lenders or buyers understand how the condition of the building and site improvements will impact the asset’s financial performance.<\/p>\n<p>Learn more about<a title=\"Blog on Property Condition Assessments\" href=\"https:\/\/www.partneresi.com\/resources\/blog\/astm-publishes-updated-pca-standard\" target=\"_blank\" rel=\"noopener\"> Property Condition Assessments <\/a><br \/>\nWatch a ion-demand webinar about <a class=\"wistia-popover[height=508,playerColor=1532b5,width=640]\" title=\"Watch Bruce Dalton, PE discuss Property Condition Reports\" href=\"https:\/\/www.partneresi.com\/resources\/videos-webinars\/property-condition-assessments\">Property Condition Assessments<\/a><\/p>\n","protected":false},"featured_media":11072,"parent":0,"menu_order":100,"template":"","categories":[1],"letter":[1152],"tags":[],"services-tag":[],"class_list":["post-3336","glossary","type-glossary","status-publish","has-post-thumbnail","hentry","category-uncategorized","letter-p"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.5 (Yoast SEO v23.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Property Condition Assessment or Report | Partner ESI<\/title>\n<meta name=\"description\" content=\"A Property Condition Assessment, also called a Property Condition Report, is an evaluation of the capital expenses that will likely be required to maintain an asset in the short- and long-term.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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