Protect your property, have an independent inventory prepared

Protect your property, have an independent inventory prepared
As a landlord your property is a valuable asset. For a small sum of money you can help protect your investment by having a thorough inventory for each tenancy. An independent inventory that is professionally compiled together with a professional check out at the end of the tenancy will help to sort out any disputes that might arise. The tenant will be assured that the company producing the report is unbiased and that any assessments are independent and fair.

Landlords sometimes decide to compile their own inventories. These can be of good quality but, more often than not, we find basic documents containing little or no detail, which describe items of little value . such as teaspoons . while omitting the fabric of the building itself, such as walls, woodwork, flooring, ceiling, heating, lighting etc.

Another shortcoming with self-produced inventories is that they tend to be simple lists of items and neglect to register the condition at the start of the tenancy. An experienced inventory clerk knows what needs to be included and how best to describe items in accordance with industry practice. I have seen landlords submit inventories only 1 page in length for a 3 bedroom house! A independent inventory of the same property would have been more that 40 pages in length.

It can be extremely difficult for a landlord to remain impartial when drawing up a document or doing a check out at the end of a tenancy. If a case had to go to the DPS for arbitration they may not look at it favourably at it could be considered biased.

Contact the office now for more information.