How Important is a Property Inventory?
An inventory is a binding legal document that details an accurate record of the contents and condition of a property at the start of a tenancy.
With the introduction of the compulsory government-backed tenancy deposit scheme, it has never been more important to have an inventory. The service of conducting and preparing the document is carried out by an independent inventory provider. If a landlord is looking to deduct monies from a tenant’s deposit at the end of tenancy, that landlord must be able to demonstrate changes beyond reasonable wear and tear. A Property Inventory is the only way to do this.
An inventory is only effective and relevant if it is accurate. It is vital that detailed descriptions of the state of fixtures and fittings, including doors, windows, ceilings, walls, blinds, drapes and blinds etc. Furniture and other contents should also be covered, however items that are deemed to be expendable such as plants and magazines may be omitted. A less extensive description of items in the garden is acceptable. If a property were to feature any items of considerable value or even antiques, it is advised for these items to be valued.
To avoid less complication and disputes, it is highly recommended that prior to the start of any tenancy that the property be professionally cleaned. Particular attention should be paid to all carpets, curtains, kitchens and bathrooms. If an item was unclean at the beginning of a tenancy, they should not be charged for cleaning it at the end of a tenancy.
Need some help? Get in contact with us today.