WHAT IS AN INVENTORY
An Inventory is a comprehensive document that provides a transparent snapshot of a rental property and its contents. This is produced in the form of a report, using photos and descriptions of all furniture, fixtures, and fittings.
The inventory should be carried out by a third party or independent inventory specialist. We would not recommend the parties involved creating their own inventory otherwise, it will be considered bias and will not stand up in a court of law when needed to be relied upon.
WHY IS INVENTORY IMPORTANT?
Inventory is important for both tenants and landlords. The document encourages a healthy business arrangement between landlord and tenant at the outset of a new tenancy. It reduces the potential for disagreements on who is responsible for repairs and damage at the end of the tenancy. It will safeguard deposits and the agreed document will be used to assist with the ownership of maintenance jobs during the tenancy. We have a fair wear and tear guide available for download to help in the process.