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.
The legislation is designed to protect Tenants and under the terms of the scheme adjudicators will 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.
When a property is let out, a Property Inventory document is second only to the Tenancy Agreement in terms of importance. A poorly prepared Inventory can prove costly, making it difficult for the Alternative Dispute Resolution (ADR) service to determine any loss or damage to the property or its contents. For Landlords, protect your investment by putting the condition of your property in the safe hands of property specialists.
Using a fully independent Inventory Provider will remove any bias and ensure both you and the Tenants interests are fully protected. By doing this you will be sending a clear signal to your Tenants that they will be held fully responsible for all damage, necessary repairs and renewal costs other than acceptable fair wear and tear.
The importance of a thorough Inventory coupled with an Interim Report can not be overstated. J2 Inventories will assist in highlighting any existing or future maintenance issues that a Tenant may have missed or failed to report, saving you time, money and hassle. In an industry where void periods are to be avoided at all costs, it pays to have a supplier that is available 7 days a week to carry out your Inventory, Check-in or Check-out.
You can find further information about the Tenancy Deposit Scheme on the following websites:
The Deposit Protection Service: www.depositprotection.com
My Deposits: www.mydeposits.co.uk
The Dispute Service: www.thedisputeservice.co.uk
For further information on our Inventory services for Landlords please contact us
T: 0113 400 1020
M: 07851934668
E: info@j2inventories.co.uk