The National Landlords Association (NLA) believes that “inventories are not an optional extra” and those landlords that do not take a property inventory at the start of a tenancy are taking risks with their money.
When a tenancy ends, some landlords can find themselves left with damage, cleaning or the cost of replacing furniture and fittings. And if they can’t provide evidence of the state of their property at the start of the tenancy the landlord could well end up footing the bill.
Since their introduction in April 2007, tenancy deposit schemes require landlords to provide evidence to justify withholding any of their tenant’s deposit for damage or cleaning costs. Inventories are a good way to record the condition of a property, and show exactly how a property looks when a tenant moves in, plus any changes that have occurred during the tenancy.
A detailed inventory can help deposit negotiations be dealt with quickly and easily at the end of a tenancy. If there is a dispute it can also be used as evidence in a tenancy deposit adjudication process.
David Salusbury, chairman of the NLA, said: “Put simply, inventories are not an optional extra; they are just as important as getting your tenant to sign their AST, or protecting their deposit. If you want to avoid having to pay for your tenants even after they’ve moved out, taking an inventory will help.
“It is also worth considering a proper check out report at the end of a tenancy. This is a sensible way to note any changes in the condition of the property, furniture or itemised items that have occurred during the tenancy.”