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Inventories Are Key!!

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Wed 27 Mar 2019

Inventories Are Key!!

Landlord Today have released an article expressing the concern that BTL landlords must ‘not underestimate the importance of a thorough inventory’.

Inventories are hugely important for the rental sector.

Inventories should be carried out at the beginning of a tenancy and agreed by the tenant. This way, any disputes at the end of a tenancy, the inventory is used as evidence. 

"A well prepared inventory, which records the condition of the property with written notes, photographic evidence, as well as details of the contents, including fixtures and fittings, helps the landlord enjoy a much more risk-free tenancy, owed in part to the fact that it will help in supporting a potential claim on a tenancy deposit, if a disagreement arises."

With the incoming Tenant Fee Ban, Landlords may be put off paying the additional for an inventory, however it is so strongly recommended as this document is used as evidence and in cour if needed.

David Cox, ARLA commented "While some landlords may choose to produce the inventory themselves, it is generally recommended that they use an agent or organisation to do this on their behalf, with prices starting from well under £100, to better ensure impartiality. "


For the full article follow the link below:

https://www.landlordtoday.co.uk/breaking-news/2019/3/btl-landlords-must-not-underestimate-the-importance-of-a-thorough-inventory