Inventories

Inventory Services

What is involved in inventory services?

Inventory services include a landlord inventory form which is a comprehensive inventory of a property's contents and a detailed record of the property's current condition.

This is normally prepared by an independent landlord inventory clerk just prior to the tenant taking up the tenancy and is reviewed by the tenant and the landord or his agent as part of the inventory service.

The landlord inventory form is agreed between the tenant and the landlord or the landlord's agent prior to the commencement of the tenancy. 

When satisfied with the landlord inventory form compiled by the landlord's agent, the tenant signs the landlord inventory form (and additionally verifies each page by adding their initials) to confirm their agreement. 

Near to the end of the tenancy and prior to the tenants final departure from the property a new landlord inventory form is prepared.

 The landlord or his agent ie a property management company or estate agent then attends the property on the final day of the tenants departure as part of the inventory service.

At this point the recent landlord inventory form prepared by the landlord inventory clerk is reviewed on site by the tenant and the landlord (or agent).

In this way any damage and items missing during the period of the tenancy are noted on the landlord inventory form and agreed between the tenant and the landlord (or agent).

Additional inventory services/landord inventories are often compiled by the landlord inventory clerk during tenancies to compare the original landlord inventory form to the property's current condition.

During extended tenancies landlord inventories may be undertaken by a land lord inventory clerk at regular intervals as part of the inventory services.

Landlord inventories services are often used in conjuction with a tenancy deposit scheme. In this case the tenant deposits an agreed sum of money which is held securely by an appropriate organization.

 At the end of the tenancy the landlord inventory form is reviewed and depending on the findings (relating to the landlords inventory form and the condition of the property) the percentage of the tenant's deposit that is to be returned to the tenant will depend upon the findings of the review of the landlord inventory form.

Sample Report.

 Inventory Preparation  Check-in ReportCheck-out Report
              Unfurnished   Furnished   Unfurnished  Furnished  Unfurnished  Furnished
Studio / 1 Bed £50           £60£30   £35£30£35
2 Beds £60   £70£30£35£30   £35
3 Beds £70£80         £40£45£40£45
4 Beds £80£90£50£55£50£55
5 Beds £100£120£55£60£55£60
6 Beds POA          POAPOAPOA   POAPOA