Landlords :: Our Services | Formalities | Tenancy Deposit Scheme | Inventory
INVENTORY: An independent company is appointed to draw up an inventory. An inventory is a detailed and thorough report of the condition, fixtures and fittings of a property at the start of each tenancy. It clearly states the colour and condition of any appliances, furnishings that are provided and décor of the property.
This is not enforced however this is strongly recommended, for example if there are any damages found at the end of a tenancy, it provides proof of the condition of the property when the tenants first moved in, therefore monies from the tenants security deposit will be retained up to the cost of damages found at the property. If this is not carried out you cannot prove the damages a tenant has caused, therefore their full security deposit would be returned to them.
CHECK IN: A check-in coincides with the inventory. The inventory is used to check tenants into a property, making them aware of the current condition of the property, fixtures and fittings...Etc. The tenants must sign the inventory after they have been checked in.
The Inventory and check-in cost is payable by the homeowner. The price of the inventory and check-in vary depending on the size of the property, and whether the property is let furnished or unfurnished.
CHECK OUT: When tenants vacate the property, an independent company is appointed to check the property prior to their departure. This follows the inventory, which the tenants signed at the start of their tenancy, if damages are found this will be deducted from the tenant’s security deposit. The fee for this service is payable by the Tenant.
