An inventory is a concise and detailed list of the contents, fittings and fixtures of a house, flat or office that is being let. This includes everything from the carpets and curtains to all the furnishings (if furnished). An Inventory provides a clear concise snapshot of the property at the time of the inventory completion with digital photographs provided to support the report. The inventory should be carried out by a third party, independent inventory specialist otherwise it will be considered bias and will not stand up in a court of law when needed to be relied upon.
“With approximately 50% of all of end of tenancy issues going into dispute, and the Landlord being awarded 100% of the deposit in only 18% of those cases.”
- There is no legal requirement for an independent company to carry out inspections on a property. However, an Inventory and Schedule of Condition of a property at check-in is a vital piece of evidence in showing the condition and cleanliness of the property at the start of a tenancy. When the tenancy ends, it is this document against which the check out report is compared. Therefore it is very important that both documents are as accurate as possible and their content is clear for all to see.
- Some landlords do produce very comprehensive reports which are impartial and accurate. However, our experience from our work with dealing with disputes shows that many are not. It is very hard sometimes for landlords who probably have an emotional attachment to the property to be objective about either condition or cleanliness.
- Sometimes agents take on this role, but again whilst their clients are both landlords and tenants, in practice, it is not always easy to be impartial. It is also not a cost-effective option when having to send staff out for time-consuming Inventories when their time could be better spent elsewhere in the business.
- Using an independent and professional inventory company cuts out any risk that things are not reported correctly. It is therefore in the best interests of the landlord, the tenant(s) and the agents to engage a professional independent inventory company.
Are you renting out your property?
Have you collected a deposit from your tenant which you will in case of damages or unpaid rent?
In this case, it is wise to have an inventory done on your property before anybody moves in.
An Independent, Impartial Property Inventory clerk or expert can provide you with a professionally compiled service including check-in report, inventory, check out report or interim inspection, which will mean you should be covered when it comes to making any deductions from the deposit at the end of the Tenancy.