What is an inventory?
An inventory is a detailed report showing the condition and contents of residential property – usually one that is being rented out. They are used for both furnished and unfurnished properties.
It is important for it to be detailed and use pictures and/or video to record the exact condition of the property and its contents.
The inventory will form part of the contract between the tenant and landlord. It is an essential document when it comes to deposit disputes. There should be a complete pre-check in and / or pre-check out stage to record the condition of the property (and its contents). It should be done at the start and end of a tenancy.
Who needs an Inventory?
We strongly advise that a comprehensive catalog is part of any tenancy agreement. It is therefore to protect the letting agent, landlord, and tenant in case of dispute.
Whilst an inventory is not a statutory requirement, it is a protected tenancy deposit scheme – and those schemes rely on a comprehensive records that is being in place when it comes to deposit disputes. If you have a properly prepared inventory, you can easily succeed in the dispute. The evidence of state of property is more likely important in the beginning.