A guide on a full property inventory and who might use it
Disputes between landlords and tenants are all too common. Landlords understandably want to protect the standard of the property in question, and tenants want to avoid having to pay for damage to the property when the tenancy comes to an end.
Wear and Tear
Wear and tear is quite normal in any home, so landlords will protect themselves by taking a deposit before occupancy takes place. The deposit should be reasonable but at the same time sufficient to cover possible damage.
Property Inventory Form
Landlords must draw up a detailed and accurate inventory which includes the contents of the property, even if it is unfurnished, and the state of the place. With the introduction of the Tenancy Deposit Scheme, landlords who want to make a claim against a deposit now have to prove that actual damage has occurred. If no inventory is in place or if there are omissions or inaccuracies, the likelihood of a dispute increases.
A choice of property inventory software is available now so that landlords can keep an inventory of all contents, condition and visuals of a property both inside and out. Using programs of this kind helps both parties of an agreement, but there is still the necessity for both the tenant and the landlord to inspect each room together and the exterior. Landlords will often use a local business to advertise their properties like an Estate Agents Cheltenham company so it is important that all is in order when the potential new tenants have a show round. meandyouestateagents.co.uk is just one site available for you to check out if you are looking for a new home.
In addition to the tenancy agreement provided by the landlord, a copy of the Property Inventory Form, once agreed, should be attached, and both parties should keep a copy. Both the tenant and the landlord should make a detailed inspection of the property, and if both parties are happy with the inventory, then each page of the document should be signed.
When the tenancy comes to an end, both the tenant and the landlord, or the agent representing the landlord if this is the case, will need to inspect the property again and check the inventory. It is often the case that disputes arise because the tenant moves out of the property before a careful inspection has taken place. This should be avoided at all costs. Using a software program to record every aspect of the property at the end of the agreement is beneficial to both the landlord and the tenant and reduces the chance of significant deductions being made to deposits.