Tenants

 

As a Tenant you can protect yourself and most Importantly your deposit, by having an Independent Inventory Report prepared at the start of the Tenancy. This is absolutely vital for Tenants, particularly if your Landlord has failed to have their own independent Inventory report drawn up and agreed with you prior to the start of your Tenancy.

An Independent Inventory Report, Including a schedule of condition, prepared at the begining and end of your Tenancy is the best way to avoid disputes and issues relating to deposits.

Landlords

For Landlords, whether you let out a single property or you have a large portfolio, you need to safeguard your investment. You need to be able to prove damages or breakages have occurred during a Tenancy. The most effective way to do this and to avoid a potential dispute is to have your Tenants agree on the specific condition of your property and its contents before they begin occupancy.

This can be achieved by having an Independent professionally prepared Inventory Report drawn up and then signed by your Tenants before they move in. By doing this you will be sending a clear signal to your Tenants that they will be held fully responsible for all damage, necessary repairs and renewal costs other than acceptable fair wear and tear.

When you consider the costs involved with both the purchase and maintenance of the property, plus the time and money spent on the presentation, most professional Landlords agree that a comprehensive Inventory Report is an essential tool in successful property management.