Home Finders are experts at comprehensive inventories

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The inventory is a crucial part of the lettings process. Before tenants move into their new Swindon home, one of Home Finders’ experienced Property Inspectors will carry out a detailed inspection of the property to make sure everything is accurately recorded and in good working order.

This is critical as this document is used at the move out inspection to ensure that the property is returned in the same condition as when it was let.

A landlord inventory and schedule of condition is a detailed record of all the fixtures and fittings within your rental property and the condition it is in at the beginning of a tenancy. A landlord inventory and schedule of condition should include details of:

- Walls

- Fixtures and fittings

- Ceilings

- Wall coverings (paint colours, wallpaper etc)

- Floor coverings

- Doors

- Kitchen units and appliances

- Windows

- Bathroom suites

- Furniture (if part or fully furnished)

- Gardens

- Outbuildings (garages, sheds and other outbuildings)

- All furnished items

Why do I need a landlord inventory?

A landlord inventory offers you peace of mind knowing that any damage or loss discovered at the end of the tenancy will be evidenced. Without it, it is very difficult to prove that any damage or theft was caused by the tenant or their guests.

If you found damage to your property, garden or contents or if items were missing and the tenant is not accepting liability, you will be able to raise a dispute with the deposit scheme’s dispute resolution service. 

Your inventory will also be used during regular inspections to ensure the property is in good condition.

Landlord inventories and deposit disputes

Having a detailed landlord inventory (including check-in and check-out reports) will provide sufficient evidence during any dispute and help you to make a successful claim against the tenant's deposit

In England and Wales, under the government-backed Tenancy Deposit Protection (TDP) scheme rules, a tenant’s deposit must be registered with a deposit protection scheme and should be returned to them at the end of the tenancy as long as they:

  • Meet the terms of their tenancy agreement
  • Do not cause any damage to the property or take items from the property
  • Pay the rent and bills

At the end of tenancy, the full or agreed amount of deposit must be returned to the tenant within 10 days of settling on the agreement. If there is a dispute with your tenants, the deposit is protected in the scheme until the issue is settled and an agreement is made.

Do I need a landlord inventory if my property is unfurnished?

To put it simply – yes, you do.

Some landlords make the mistake of only including basic furnishings in an inventory.  Of course, any furniture and appliances you provide should be included, however, if letting on an unfurnished basis, the inventory should still include everything else that exists in the property. Make a note of everything in each room, including:

- Light switches

- Plug sockets

- Number of light fittings and shades

- Curtains

- Carpets

- Walls

- Garden plants, furniture, fencing and ornaments

The inventory may also include details of each room’s decorating condition and colours – even any ornaments and artwork left in the property.

Every last detail should be recorded and both you and the tenant should sign to say you agree on the final inventory.

If you’re thinking of embarking on a property investment journey in Swindon or would like to know more about how to grow your own portfolio, please get in touch with me on 01793 299180 or Sue@swindonhomefinders.com.

Sue Gidney

Sue Gidney, Managing Director, Home Finders

 

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