What is an Inventory?

 

Happy Halloween !

I thought today is the perfect opportunity to remind you, of the possible horrors and consequences of not having requested a professional Inventory at the start of the tenancy, So,Trick or Treat?skeleton2

What is an Inventory?

Starlet Inventories, provide impartial detailed reports at the start and end of the tenancy which will allow an accurate comparison to be made at the end of the tenancy and thus is primarily used to prevent or resolve any dispute between landlord and tenant.

A professional  inventory will contain detailed information about a Landlords property, including the décor, fixtures and fittings, all contents, the garden and any outbuildings. The cleaning standard and any issues will also be noted. Once the accuracy of the document is agreed it then becomes a Binding document.

Why you need one-

In April 2007 the Government introduced compulsory tenancy deposit protection for all new tenancies. This is a very important piece of legislation and below we explain the benefits of having a professionally prepared inventory

At the end of a tenancy, unless you have a professional independent third party inventory in place to record the condition of the property and any of its contents, it will be difficult to achieve a successful resolution in the event of a dispute over the return or retention of any part of the tenants’ deposit

Failure to compile this type of inventory at the start of the tenancy may result in the tenant automatically receiving the deposit back IN FULL at the end of the tenancy regardless of the circumstances and any claim against it.

Landlords or agents must use one of the approved Tenancy Deposit Protection schemes to protect tenants’ deposits where these conditions apply

 

If you require a professional property Inventory or other Inventory Services and are based in London,  contact us today,for a free quote.

Starlet InventoriesAIIC

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