Accidents, negligence, and even willful damage can affect the value of your property, no matter how carefully you choose your tenants. We will help you understand what is classified as “wear and tear” and what the tenant is liable for.
An inventory report prepared by Select Property Inventories will provide you with the protection so your property will be returned in good condition once the tenant moves out.
Since 2007, new legislation requires that landlords put the tenants deposit in a government backed tenancy deposit scheme such as DPS, My Deposits or TDS. If there is a dispute the money will remain in the scheme until the issues are resolved. An inventory report from Select Property Inventories will provide you, the landlord with a level of security when claiming a fee from the tenants deposit and speed up the negotiations.
Eddie Hooker, CEO of My Deposits, commented: “By taking some simple precautions, landlords can minimise the risk of being left out of pocket in the event of damage to the property.”
According the Residential Landlord Association (RLA) inventories are essential. There have been a number of decisions by adjudicators under existing voluntary schemes and small claims courts which show there is little or no chance of you recovering anything out of the deposit for damage if you don’t have a comprehensive inventory report as evidence.
It’s not uncommon for a tenant to claim that the damage already existed when the tenancy started. A detailed and thorough inventory report by Select Property Inventories will offer you protection for your investment.