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Crumpton Sutton Inventories
Professional Inventories for the Island's Property Market
Renting property can be a tricky business for both landlords and tenants but since the government’s introduction of the Tenancy Deposit Scheme (TDS) in April 2007, it is now more crucial than ever to have a professional inventory taken using an independent, professional inventory service provider in order to protect your property.
An Inventory report is a complete record of the fixtures, fittings and décor of the property and any outdoor space and includes the doors and locks, ceiling, walls, light fittings, flooring and carpets, blinds and curtains, smoke detectors, door frames, plug sockets, cupboards, door handles, extractor fans and heating appliances. The inventory also includes utility readings – gas, water and electricity.
This in-depth report provides clear resolution images which serve as hard evidence should a dispute arise over damage caused to the property during a tenancy which then has to be mediated upon by the court to ascertain the extent of retention of the deposit.
A copy of the report is then signed and held by:
- the Letting Agents (where applicable)
- the Landlord
- the Tenant
We can also complete your report within two business days of the visit. Reports can be sent as PDFs to an email account, or as a bound presentation copy, or both.
The Inventory Provider will also take care of the tenant's check-in and check-out and mid-tenancy checks on the property can also be done if required.
Why is a thorough, detailed and accurate inventory essential to protect the interests of all parties including the agent?
If an inventory is inadequate, out of date, non-existent or not compiled by an Independent Inventory compiler then the adjudicators or the court are likely to award the deposit to the tenant unless the tenant admits to damage or losses. This has become increasingly common with many inventories being found to be either inadequate at the outset, or failing to make the correct substantiated observations at the check-out.
Recent TDS scheme cases have highlighted the need for a clear, concise inventory to protect the landlord. Many cases have resulted in a full return of the deposit as the landlord could not provide sufficient evidence to successfully pursue their action. Some landlord and property owners are still doing their own inventories and in this instance the chances are it won’t be worth the paper it’s written on and in the event of a dispute the landlord has great difficulty proving their case to a judge or arbitrator. It is estimated that currently fewer than 1 in 50 inventories are of an adequate standard in which event the court will order the landlord to pay the tenant three times the deposit amount within 14 days of the making of the order.
Your property is your most valuable asset, so it pays to protect it.
Complete protection and peace of mind... For your Peace of Mind, call us today.
Contact details
| Tel: 07729 243327 Web: www.crumptonsutton.com/ |
Crumpton Sutton Inventories |
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