What is an inventory report and why I need one An is a straightforward and to the point list explaining the contents, fixtures, fittings and cleanliness of a property that is to be rented out. The report also contains a detailed outline of condition of a given property – noting the existing state of all items and any deterioration, together backed with professional images. It’s not compulsory to have a report but it is advisable for anyone looking to rent out a property or properties as without this document the landlord may have no legal entitlement in the event of a dispute to make deductions from a tenants deposit at the end of the tenancy this is particularly true of those let’s that come under the tenancy deposit scheme which started in April 2007.
Getting an inventory done, what happens next This will require a visit to the property in order for us to compile a comprehensive report on the contents included in the tenancy together with a schedule of condition. Once this has been agreed with both parties it becomes a binding document between landlord and tenant and forms the basis on which damage or dilapidation may be assessed at the end of a tenancy. Where applicable this report will include a check of keys returned as well as gas and electricity meter readings. Photographs are included in the Inventory.
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