Since the introduction of the Tenancy Deposit Scheme on 6th April 2007 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 legislation is designed to protect tenants and under the terms of the scheme adjudicators will review all relevant documents, including Inventory Reports, 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. The most effective way to do this and to avoid a potential dispute is to have your tenants agree on the specific condition of your property and its contents before they begin occupancy.
This can be achieved by having an independent professionally prepared Inventory Report drawn up and then signed by your tenants before they move in. By doing this you will be sending a clear signal to your tenants that they will be held fully responsible for all damage, necessary repairs and renewal costs other than acceptable fair wear and tear.
You can find further information about the Tenancy Deposit Scheme on the following websites:
Tenancy Deposit Scheme: www.tenancydepositscheme.com
Deposit Protection Scheme: www.depositprotection.com
My Deposits: www.mydeposits.co.uk
For further information or to make a booking please contact us
T: 0203 5761943
M: 07474 648451
E: admin@kweenz-inventory.co.uk