What is a good inventory?
This is a document that observes a property’s condition in its entirety. A good property inventory, or ‘schedule of condition’, will span some 20+ pages, contain a wide selection of photos, and brief descriptions. There will usually be a glossary of terms to help explain what these descriptions mean. A good inventory should record the general cleanliness of the property and its decorative order.
Inventories are conducted at the start and finish of the tenancy to determine the properties condition and whether the property or any furnishings have been damaged
Without a good inventory detailing the properties condition, if you need to make a claim on the deposit, you will have no evidence to show any damages that have occurred during the tenancy.
Inventories are also used to show compliance with current legislation. The Fitness for Human Habitation bill requires landlords to ensure their properties are up to standard, so it is more important than ever to ensure that there is clear evidence of the condition of the property at the start of the tenancy.
A comprehensive inventory can easily identify that prior to the tenant moving-in:
- Security of the property was adequate. e.g locks in working order and window keys recorded (where present).
- Entrances and exits were clear and free of obstructions.
- Bathrooms and other wet areas were free of mold and damp (common cause for tenant compensation claims).
- Exterior areas were in a good seasonal order and cleanliness.
- Blind cord safety devices were present where applicable.
- Furniture and furnishings were compliant with the current fire safety legislation.
The above can then also be referred to when performing interim visits at the property.
Build a trusting relationship with tenants
Inventories are also in place to protect tenants from a landlord claiming they have damaged the property where the property was already damaged at the start of the tenancy. A property inventory protects both parties and will clearly indicate what condition the property will need to be returned in. Tenants may stay extend their tenancy if they feel there is a good inventory in place to protect their deposit.
How can we help?
Here at Carrick Johnson Lettings and Property Management, we include a comprehensive inventory as part of our full management service as standard at no extra charge