As a landlord, the importance of an inventory is unquestionable, as it is the only way you can ensure the tenant can be billed for the costs of any damages incurred by them during their tenure at the property. Should a dispute arise regarding the release of the deposit at the end of the tenancy, the inventory report will be required in order to prove the condition of the property when handed over to the tenant. Without an accurate assessment of the property and its contents at the beginning of the tenancy it would be impossible to arbitrate between a landlord on tenant and the landlord may have no legal entitlement to make deductions from the deposit.
Dealing with a deposit dispute can be stressful, costly and time-consuming. One of the best ways to minimise the risk of disputes over the deposit return is to have a comprehensive inventory report compiled each time a new let is agreed. An inventory report should be as factual and objective as possible. We can arrange for a qualified independent inventory clerk to attend the property and produce a report which gives a fair and accurate assessment of the property and its contents, documenting a complete list of all fixtures, fittings and furniture alongside a schedule of condition with supporting photos. This document would then form the basis on which damage or dilapidation would be assessed at the end of the tenancy.
When preparing for a new tenancy, we recommend having the inventory completed as close to the tenancy start date as possible, preferably at the same time as the Check In in order so that the condition is reportedly as accurately as possible.
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