Landlords who value their property will invest in a professional inventory and will use an independent inventory clerk.
Since April 6 2007, if you are a landlord taking deposits under assured shorthold tenancies, then it is the law that these deposits must be protected under a Government-backed scheme.
This new legislation limits your ability, as a landlord, to use deposit money in the event of damage, cleanliness or missing items.Contact Us Now
We understand the processes involved. We can give you good advice and support and we're available at short notice.
If you are setting about claiming for damage to your property then the burden of proof is on you, the landlord, to show that your property was in a certain condition when your tenant first moved in. This is where good documentation is so important and the upside of having a neutral, professional inventory cannot be overstressed.
Stop a minute and think. You, as a landlord, take deposits as an insurance policy against, among other things, damage to your property. If this is the case then what is the point in going to all this trouble and then not protecting yourself in the event of a claim?
Taking Deposits? Then Make Sure...
- The deposit is registered with a Government-backed scheme (for a clear summary, go to the Residential Landlords Association web site)
- You provide the necessary information to your tenant within 30 days of receiving their deposit money
- You have a comprehensive, professional inventory performed on your property before your tenant moves in
- You perform a proper check in procedure when your tenant moves in. This involves getting your tenant to agree to all aspects of the inventory