Property Inventory based in Southend-on-Sea, Essex
In today's lettings market it is essential for Landlords to safeguard theselves against damage to the fixtures and fittings of their property. With the introduction of the Tenancy Deposit Protection legislation in April 2007, a Landlord is not permitted to take compensation from their Tenant's deposit without proof of the condition of the property at the start of the tenancy.
The most effective way to do this, and to avoid disputes arising at the end of the Tenancy, is by having the Tenants agree on the condition of the property before they begin occupancy.
This can be achieved by having a professionally prepared Inventory Report that is drawn up and then signed by the Tenants. By doing this the Landlord will be sending a clear signal to the Tenants that they will be held fully responsible for all damage, necessary repairs and renewal costs other than acceptable, fair wear and tear. Some landlords choose to produce their own Inventory, however, it is generally accepted that an Inventory Report prepared by a Landlord will always have a degree of bias.
When considering costs involved with both the purchase and maintenance of a property, plus the time and expenditure spent on the presentation, most professional Landlords agree that a comprehensive independent Inventory Report is an essential tool in successful property management.
For Landlords, whether you let out a single property or you have a large portfolio, you need to safeguard your investment. You need to be able to prove excessive wear or damages have occurred during a Tenancy. The most effective way to do this and to avoid a potential dispute is to have your Tenants agree on the specific condition of your property and its contents before they begin occupancy.
You can find further information about Tenant Deposit Protection on the following websites:
The Deposit Protection Service: www.depositprotection.com
Tenancy Deposit Scheme: www.tenancydepositscheme.com
My Deposits: www.mydeposits.co.uk
For further information on our Inventory services or to make a booking please contact Julie Willis:
Telephone: 07758 102846