Why you should never underestimate the importance of a property inventory

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Regardless of whether you are a landlord or a tenant, a property inventory document is a crucial element of renting. This document is almost as important as a lease, but it is something that not everyone has in place.

Many landlords and tenants forego this document or don’t place as much emphasis on it as they should, and this can lead to unpleasant situations down the line, as it offers both parties protection.

Creating set boundaries

For tenants, a property inventory can ensure that they are not accused of causing any damage that was previously evident, or be held liable for the costs.

Having an accurate inventory makes renting easier as it helps to encourage an open and honest relationship between the landlord or agent, and tenant.

An inventory should always be carried out by a professional, or you can use property inventory software, such as that available at inventorybase.co.uk, to ensure that the inventory is fair, unbiased and accurate.


Accurate recordings

An inventory must be an accurate reflection of each room of the property and the condition it is in, and it is best to take photographs of any issues that arise and need to be noted. By knowing exactly what the condition of a property is prior to occupation, both parties can have peace of mind that any future issues can be pinpointed easily room of the property and the condition it is in, and it is best to take photographs of any issues that arise and need to be noted. By knowing exactly what the condition of a property is prior to occupation, both parties can have peace of mind that any future issues can be pinpointed easily and the correct person held responsible.

By having an inventory in place, an exit inspection when a tenant vacates is that much easier too. If there is any damage, it can be easily proven, and the tenant can be held responsible. If any disputes arise, having an accurate inventory can help settle these quick and efficiently.

Hard evidence

If there is damage to a property from a tenant or it is handed over in a condition that is far worse than when the tenancy started, and not just due to general wear and tear, an inventory can be used as evidence to ensure that the tenant is held liable. If there is no proof as to what the condition of a property was on occupation, holding a tenant over in a condition that is far worse than when the tenancy started, and not just due to general wear and tear, an inventory can be used as evidence to ensure that the tenant is held liable. If there is no proof as to what the condition of a property was on occupation, holding a tenant liable for any damages can be difficult. Having a proper inventory is a safeguard against this and can be used if any claims are instigated against tenants.

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