![]() This is especially important for the tenant at the inventory stage, as any existing damage or defects picked up at checkout may then become their responsibility.Īs a tenant, you have the right to be present during the checks. However, it is vital that both parties thoroughly check the reports to ensure that nothing has been missed. Having these documents lessens the likelihood of disputes and make the process of exiting a tenancy simple and straightforward. The checkout report will detail any areas of attention that need highlighting, and these will usually be segmented into ‘landlord’ and ‘tenant’ sections to determine who is responsible for what. Having the two documents to hand allows both parties to see exactly how the property has changed across the duration of the tenancy. Therefore, it is always prudent to have an inventory taken, even if your property is actually unfurnished. Many landlords are under the false impression that inventories are solely for fixtures and fittings, but the Schedule of Condition offers protection against any structural damage that may occur during the tenancy, too. This details the state of every part of the property, such as the décor, floors (for example, wooden floors should they be present), walls and ceilings. The most important part of the initial inventory assessment is the Schedule of Condition. ![]() These assessments are carried out twice in an identical fashion: once at the beginning of the tenancy (the inventory), and again at the end (the checkout). Property inventories are simply documents that report on the state of the property and its contents at the time of assessment. What is a property inventory?īefore we get into the reasons why property inventories are important for both tenants and landlords alike, it’s probably a good idea to explain exactly what they are. This is a mistake, and one that can prove costly later on. While most landlords will be aware of its importance, many tenants have a laissez-faire attitude towards them. Whether you are a tenant looking to move into rented accommodation or a landlord looking to protect your investment, a property inventory is a vital document to have.
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