When a new tenant moves into a property, an inventory – which details the condition of the property - is an extremely important report to have, giving protection to both the landlord and the tenant.
Here are the main thing you need to know and why we recommend them to our clients…
Firstly, what is an inventory?
An inventory offers a detailed report which includes photos of each room as well as any outside space of the property. It will then be dated and signed by the tenant during a check in when they move in, to show they agree to the condition of the property at the outset of the tenancy.
Details the condition at the outset
As already mentioned, the inventory will explain the exact condition of the property at the beginning of the tenancy. This will also address any issues that may need be repaired or looked at by the landlord.
An impartial report
At Clarendons we work with our trusted third-party inventory company to carry out an impartial report to the highest standard.
Protects everyone at the end of the tenancy
At the end of the tenancy a checkout report is completed which highlights any differences between the inventory check in and checkout. Having this in place enables a landlord to prove and support any monetary claims for damage or dilapidations from the tenant’s deposit, which is held in a tenancy deposit scheme. It will also support a tenant if the damage or a specific issue had been detailed in the initial inventory.
Helps settle any disputes
If the tenant disputes the claim, then under the terms of the scheme, their dispute resolution service will adjudicate. A fully detailed and accurate inventory will support a claim, and without this, any claim will likely fail.
Talk to us today about arranging an inventory for your next tenancy.
