As a new tenant, there can be many things to think about. You need to make sure that you get a rental property that meets your requirements and that you can afford. We can help to make the searching process easier. This blog is our tenant guide to inventories.
Tenants have to ensure that they meet their responsibilities, one of which involves the inventory. We’ll help you understand what an inventory is and why they are so important.
What is an inventory?
An inventory is a detailed report which is provided by the letting agents. This report includes information relating to the condition of the property and its contents. The inventory should always be completed when you move into the property. This allows tenants to add their own information if they need to.
The property inventory report includes descriptions and photos relating to things within the property. For example, if there was a mark on the floor prior to the new tenant moving in, then this should be recorded within the inventory.
The report is looked at again, in detail, at the end of the tenancy by the landlord or letting agent. This process allows for direct comparisons of the property when the tenant moved in and when they left. Read our tenant guide to checking out if you’re leaving a rental property.
Why is the inventory important?
Ensuring that the check in inventory report is correct is very important. It can help with a number of things including dispute resolution, deposit protection and protection from legal issues.
How can tenants ensure an accurate inventory
If necessary, the inventory should be adjusted soon after you have access to it. Here are some tips for sorting the inventory.
Be present when the initial inventory report takes place
Most of the time, the ‘check in inventory’ process takes place when tenants are given the keys to the new property. This means that you can be present when the letting agent completes it, allowing you to check what’s being included and add any extras that you think are appropriate.
Inform the letting agent if you notice other issues
It’s key that you report any issues as soon as possible. You should take your own photos and add notes which can be added to the detailed inventory report.
Keep your own copy of the rental property inventory
It’s a good idea to have your own copy of the inventory. If additional issues are added, make sure that you get a new, updated version.
My rental home is unfurnished – do I need an inventory?
Yes – all rental properties must have an inventory to reduce the risk of issues further down the line. Inventories take the property condition into account, as well as furniture condition if applicable.
What happens when you leave a property?
When you leave a property, it should be left in the same condition as when you arrived. Any issues that have occurred during the tenancy should have been reported to your letting agent. A checkout inventory will be completed. Remember that fair wear and tear is to be expected and while it may be included in the checkout report, it should not impact the deposit. If further damage is found to the property’s condition, you may face deposit deductions. Read our blog on the tenant’s deposit.
We hope this tenant guide to inventories has been helpful. Are you looking for your next rental property? Contact us to see what we have available. We provide a hassle free rental experience for all tenants.
