Since the introduction of the Tenancy Deposit Scheme it has become a requirement for Landlords to “prove their case” if there are to be any deductions made from a Tenant’s deposit.
The scheme is designed to protect Tenants and under the terms of the scheme, an Adjudicator will review all relevant documents, including the Inventory Report and Check-out Report, before the dispute resolution service or the courts decide how to divide deposit liabilities between Landlords and Tenants.
For Landlords, whether you let out a single property or you have a large portfolio, you need to safeguard your investment. You need to be able to prove damages or breakages have occurred during a Tenancy so that you can recover the cost from the Tenant’s deposit. The most effective way to do this and to avoid a potential dispute is to have your Tenant agree on the specific condition of your property and its contents at the start of the tenancy.
This can be achieved by having an independent professionally prepared Inventory Report drawn up before your Tenants move in. The high level of detail in a White Rose Inventory Service Inventory Report will send a clear signal to your Tenant that they will be held fully responsible for all damage, necessary repairs and renewal costs other than acceptable fair wear and tear.
A Check-out Report at the end of the tenancy will record any differences between the condition of the property at the end of the tenancy and that described on the Inventory Report.
Our Inventory and Check-out Reports comply with Adjudication and Deposit Protection service requirements.
When considering the costs involved with both the purchase and maintenance of a property, most professional Landlords agree that a comprehensive independent Inventory Report as provided by White Rose Inventory Services is an essential tool in successful property management. We can also provide Interim inspections and Reports mid-term if required.
You can find further information about the Tenancy Deposit Scheme on the following websites:
The Deposit Protection Service: www.depositprotection.com
My Deposits: www.mydeposits.co.uk
The Dispute Service: www.thedisputeservice.co.uk
For further information on our Inventory services for Landlords please contact us.
