Sep
06

Inventories are they really necessary?

Why Do You Need An Inventory Report?

 

 

Renting property can be a tricky business, for both landlords and tenants. A marked wall, maybe a broken window or ripped carpet can cost the tenant a hefty deposit. The landlord may feel money needs to be spent on the property before it can be rented out again.

WHAT IS THE ANSWER?

A professionally prepared Inventory provides a complete description of a property. Everything is included, from the type and condition of interior decoration to the number of saucers – and whether any of them are chipped. Inventories are equally important for unfurnished and furnished properties.  If there is an inventory lacking in detail, outdated or even worse no inventory exists at all, then you will have no evidence of what the property was like at the start of the tenancy. This means that if you or your agent are unable to provide documentary evidence that the tenant caused damage, then you will not be in a strong position to make a claim, in the event the tenant contests the check out findings.

THE IMPORTANCE OF BEING ACCURATE

Contrary to many landlords beliefs, an Inventory is not just a list of what items are staying at the property. It is a highly detailed report of the condition of the property and cleanliness, often supported with photographic evidence at the start of a tenancy.

The inventory is not there to catch tenants out, but rather to ensure peace of mind for both tenant and landlord; to enable agreement as to the condition of the property at the start of the tenancy.

At Alan Cooke Sales & Lettings we realise the importance of maintaining your asset and we feel an inventory and schedule of condition is vital to help us achieve this, ensuring less chance of disputes at the end of a tenancy.

We offer Let only and managed services and can prepare an inventory for our landlords whilst providing either of these services.

PHONE US ON 2899669 FOR ADVICE ON YOUR PROPERTY

 


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