Why is an Inventory report Crucial?
A property’s inventory isn’t just a checklist; it’s a comprehensive document that records the state of a property, right down to the smallest detail. From the condition of the walls and flooring to the functionality of fixtures and fittings, an effective inventory protects both landlords and tenants. It prevents disputes, establishes clear expectations, and ensures transparency throughout the letting cycle, from move-in to move-out.
If there is no inventory at all, the adjudicator whose job it is to deal with any disputes is highly likely to reject a landlord's claim. Therefore, while it's not a legal requirement for a landlord to provide an inventory of their rental property, it's in both their and your best interests to supply this detailed look at its condition