Prevent future disputes with aid from our inventory checking services. 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. At VCInventory, London, we provide independent reports throughout Central London, with pictures and detailed descriptions that increase its usefulness.
The aforementioned legislation is designed to protect tenants.Under the terms of the scheme, adjudicators 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 if you have a large portfolio, you need to safeguard your investment. You need to prove that 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.
Proving potential damages is possible through an independent, professionally prepared inventory report, that is signed by your tenants before they move in. By doing this, you are sending a clear signal to your tenants that they are to be held fully responsible for all damage, necessary repairs, and renewal costs, other than acceptable fair wear and tear.
When you consider the costs involved with both the purchase and maintenance of a property, plus the time and money spent on the presentation, most professional landlords agree that a comprehensive inventory report is an essential tool. If you need further details on the tenancy deposit scheme, the following reputable websites should help.
• The Deposit Protection Service
• My Deposits
• The Dispute Service