Q: Why is an Inventory needed?
An inventory provides a detailed record of the contents of a property and the property’s condition at the start of a tenancy. It provides a reference of the condition of the property when it was let and can be used to resolve any dispute at a later date.
Q: Do I need an Inventory if my property is unfurnished?
An inventory does not just “count furniture and property”; it also gives a description of each room and its condition. An Inventory should be made for both furnished and unfurnished property.
Q: What is the Tenancy Deposit Protection Scheme?
From 6th April 2007 ALL deposits taken by landlords for Assured Shorthold Tenancies in England and Wales MUST be protected by a tenancy deposit protection scheme. Failure by Landlords in England and Wales to comply with this law could result in the courts ordering the landlord to pay the tenant a penalty of 3 times the amount of the deposit.
Q: Why do I need an Inventory to protect me?
An inventory that is agreed by both Landlord and Tenant provides an agreed record of the contents and condition of the property when the tenancy begins. In the event of a dispute arising over the return of the bond or deposit, there is a concrete, independent record of what actually was in place at the start of the tenancy.
Inventories Inc provides landlords and tenants with protection and safeguards by providing a professional, accurate, thorough, and easy to read but detailed inventory, supported by digital photographs when requested.
We also undertake check in and check out reports, and often provide interim reports to maintain the currency of the inventory.