What Is A Property Inventory?
An inventory is a document providing an accurate record of the contents and condition of a property at the beginning of a tenancy.
A properly prepared and comprehensive property inventory report by an independent company such as Exec PM sets the scene for what is provided by the landlord at the start of the tenancy. It plays a significant role in protecting both landlord and tenant. A detailed inventory will help avoid disputes, whilst any such dispute that does arise about missing contents or condition of the property at the end of the tenancy can be more easily resolved.
The Importance Of An Inventory
A property inventory should be accurate and note all defects. Some landlords may not appreciate uncomplimentary defects regarding their property, however these descriptions could be the difference in proving a condition and whether a tenant is liable for any deductions after the tenancy has ended.
The inventory should include detailed comments listed beside each description per each room and be laid out in a way that is easy to read and easy to follow. It should list the Interior and decorative condition of the whole room, plus the fixtures and fittings including: doors, windows, drapes/blinds, ceilings, walls, carpets etc. Furniture and other contents. Gardens, sheds and garages should be included and note the generic condition and contents.
Should a property contain any antiques or items of value, the tenant must be advised prior to check in. The items should be noted on the inventory and, ideally, valuations should be provided. The tenant cannot be held liable for valuable items if they are not advised and nothing is stated on the inventory.
The inventory should clearly state the cleanliness of the property. It is recommended that a property is cleaned to a professional standard for the start of a tenancy paying particular care to carpets, curtains, upholstery, kitchens and bathrooms.
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Your Property Care Package
Handy tips and expert advice from the property specialists.
Independent inventory company for landlords and estate agencies.
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