A well prepared property inventory and Schedule of Condition Report by a professional property inventory company, states what is provided by the landlord at the start of the tenancy prior to Tenants moving in. It plays a significant role in protecting both landlord and tenant, helping to avoid disputes. Assessment areas include fixtures, fittings, condition of contents and cleanliness of the property.
Under the Housing Act 2004, it is a legal requirement to place a deposit into an approved government scheme. Any disputes can then be dealt with via an independent 3rd party arbitration service.
A comprehensive Inventory report can minimise/eradicate disputes for landlords/agents and is an essential part of property management.