According to the National Office of Statistics, of the 23.4 million homes (or households) in England and Wales on census day in March 2011, 15 million (64%) were owner-occupied and 8.3 million (36% were rented.
Tip #1. If you are a landlord you should consider the services of an independent inventory clerk, that offers high-quality reports. Many times letting agents will recommend landlords to choose a cheap inventory services company, however, like always, you get what you pay for, poor images that aren’t relevant, incomplete descriptions that won’t make clear the condition.
Property inventory reports are highly detailed documents that protect landlords and tenants by describing the internal and external condition of a property before the tenant moves in, and compare it to when the tenant moves out to fairly apportion liability for damages.
This means money can be legally claimed from the tenant’s deposit, and to be armed with everything you need, we advise reports that will have relevant images, these have to be of good quality, and the narrative description must be concluded, relevant and unambiguous.
Inventory companies play a crucial role in the outcome of a tenancy agreement. A home inventory will protect both the landlord and the tenant from the potential dispute at the end of their collaboration.
We conduct Check-In reports, which is the inventory previously done a list of conditions presented to the new tenant, changes are still possible at this stage, and at the end of the inspection the tenant will sign for acknowledgment and accept responsibility.
Tip #2. Once the tenant has moved in, it is a good idea to make periodical checks to make sure everything is going in accordance with the agreed conditions. One of the most common issues we come across at the landlord inventory is related to condensation, very often tenants don’t use the extractor fan, they must be reminded of their duty of care, in order to prevent damages, in accordance with the tenancy deposit protection scheme.
Tip #3. When the tenancy ends we conduct the Check-out, to see if there are changes in the conditions of the fixtures, appliances and generally the property.
Check Out inventory check is vital when tenants move out, some refer to this as the tenant letting check These checks compare the condition of the property at the end of the tenancy to that on the check in report, highlighting any damage, which may need to be charged. The most common issues at the check out are related to cleaning.
To make sure your property is protected, ask your letting agent to arrange with us your inventories or why not, give us a call and we will get in touch with your agent. Call us on 01823 617846 or 07837 222255