This entails a visit to the property in order to compile a comprehensive report on the contents included in the tenancy together with a schedule of condition. Once this has been agreed with the tenant it becomes a binding document between landlord and tenant and forms the basis on which damage or dilapidation may be assessed at the end of a tenancy. Where applicable this report will include a check of keys returned as well as water, gas and electricity meter readings.
If requested, digital photographs can be included in the Inventory.
Without this document a landlord may have no legal entitlement in the event of a dispute to make deductions from a tenants deposit at the end of the tenancy. Following the introduction of the Tenancy Deposit Scheme, now scheduled for April 2007, when Part 6 of the Housing Act 2004 finally comes into effect, this will become even more important.
At this stage Property Inventory Services attend the property to meet the tenant, on the commencement date of the tenancy in order to hand over keys, take utilities readings and agree the inventory.
At the termination of the tenancy Property Inventory Services will attend the property with the original inventory and prepare a comparison report with recommendations. This includes checking keys returned and taking utilities readings. The report will advise of legitimate damages and accountability. At this time the Inventory may be updated with any changes.
This is an inspection of the property during the period of a tenancy to report to a landlord on the tenant's general compliance with the terms of the tenancy contract with particular regard to cleanliness, neglect, defects, repairs required and health and safety issues together with conclusions and recommendations.
In addition to the standard services to Landlords and Letting Agents, we can also provide Snagging Reports on new build properties. With the growth in the buy-to-let investment market this is an expanding area. Many investors either manage their properties from a distance, sometimes even overseas, or just do not have the time or the expertise to snag their new properties personally. We provide a full snagging service including follow up visits to report on corrective works, furniture checks and can also convert a snagging report into a full Inventory for letting if required.
If it isn't covered above - just ask. We can tailor make our services to suit your specific requirements covering a variety of specific reports including maintenance inspections and schedules of dilapidation. In addition we can tailor standard reports to your "house style" or work with you to develop a completely unique service just for you.
If you want to find out more about our services to Property Letting Agents, Landlords and Tenants, please call Brian Kilcoyne on 01625 420402 or email info@propertyinventoryservices.co.uk