From 6th April 2007, when the Tenancy Deposit scheme was introduced, Landlords have been required to ‘prove’ their case if any deductions were to be made from the Tenant’s Deposit.

The legislation is intended to protect Tenants. In accordance with the scheme, adjudicators are required to review all relevant documents including Inventory Reports prior to the dispute resolution service deciding how deposit liabilities will be divided between Landlords or Tenants.

If you are a landlord, it is important to protect your investments, no matter if you only have one property or a portfolio of many. You must be able show that damage or breakages took place during a Tenancy. It is the best way to avoid any disputes and have your tenants agree on what condition your property and contents are in before they start occupying.

Inventory reports can be prepared by a professional and independent company. The tenants will sign the report before moving in. You will be sending the message that your Tenants are fully responsible for any damages, repairs, and renewals costs other than fair wear and tears.

Professional Landlords are in agreement that a detailed Inventory Report is essential to successful property management.