The security of your tenant and property alike is very important. So, is re-keying your rental property each time it has a new tenant necessary? It’s a really good question!
It is not necessary nor is it a legal requirement. However, in the event you have had a poor tenancy experience or have any concerns raised with regards to a tenant returning to the premises after the end of the tenancy, then re-keying the property is in your best interest.
Some tips in this regard include:
Keying all the locks at the property alike so there is only one key to open all doors and only one key for replacement in the event re-keying is required.
At the beginning of a tenancy all keys should be signed for (ideally, photocopy the keys you hand out and have the tenant sign for them).
At the end of the tenancy, compare all returned keys to the photocopy you took at the beginning of the tenancy.
Keeping a record of keys ensures a clear history is maintained on who has had keys to the premises.