In the United Kingdom, law requires that all rental deposits used when it comes to assured short hold tenancies in England and Wales must be securedi using a tenancy deposit protection scheme. At the end of the tenancy, the two parties should agree with whether or not the first deposit must be returned in full or if some or everything will be given to the landlord to cover damages etc.. If the property owner states that he will hold the money, proper evidence will have to be constructed as to why it can't be returned.

You can do this by comparing the state of the premises and the property condition at the time the tenancy began. Not always is documenting the condition of the property easy, it can take quite a while. In the UK, landlords can use inventory clerks or agents that may do that job on their behalf. On the other hand, landlords can keep inventory on their own when they know about the basic steps.

This is a good method to use:

Walk around the whole entire property once to remind yourself of the layout (presuming you don't presently live in it).
All the features of the rental property must be recorded and photographed, such as surfaces, windows, the state of furniture and so on.
It could be a good plan to achieve this in a meaningful order. You can progress from one room to another and after that make a note of the condition for each room as you walk through the property.
Make sure you additionally document less obvious things like outlet boxes and electrical meters.
Check furniture, carpets and rugs or windows regarding their state and take note of any sort of prospective damage you notice so that you be aware of their condition.

Take your time. It's not sufficient to just point out that there is a chair in the living room, you need letting agencies to provide a sufficient inventory. Do not just note down a broad outline, you need to describe the things in good detail. Should you be unfortunate enough to get a shady tenant that stole the furniture and exchanged it with cheaper items, you'll find it difficult to demonstrate without having a thorough description.

In order to be completely confident, not simply make a note of everything, make use of photos in addition to record every little thing. The better and more in depth the inventory of the premises, the more it can help you, the owner and also your tenant.

In some cases, important things may be forgotten: One of those particular points could be to keep track of the electric meter readings prior to when the renter moves in. You should do the same after the tenancy came to an end and after that have the renter sign the report.

The tenant should be offered opportunity to examine the property condition likewise, you may walk them through the premises and after that let them sign the part on the tenancy agreement. If you know the way to do proper inventory, it helps each party to prevent problems later on.


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    February 2013