Lettings Direct - Letting Agents, Property Management Specialists and Buy to Let Experts.
An inventory is a report with photographs on the condition of the property before it is rented to the Tenant(s). The report will include details of any fittings, furniture or appliances in the property, as well as listing any defects that there maybe, such as marks on the carpet, or scratch on walls, missing light bulbs, etc., etc.
We feel that it is an essential document to produce as it represents a very good comparison on how the property should be left when the tenancy terminates and eliminates disagreements at the end as both the Landlord and Tenant have a clear description of the initial condition of the property.
The current legislation provides for the need of all deposits held on behalf of Tenants to be registered in an approved Government Scheme. What it also provides for is an arbitration process between the Landlord / Letting Agent