Property Inspections & Inventories for Letting Explained

17 May 2016

by Shabari

If you are looking to let your Bracknell property or you’re moving into rented accommodation, it’s important that, together with a proper rental agreement between the Landlord and the Tenant, the property is properly inspected and an inventory compiled and agreed.

Most residential property in England and Wales is rented nowadays by way of an Assured Shorthold tenancies. The legal relationship between the Landlord and Tenant is governed by this type of tenancy. However, it is important that the agreement is detailed in writing and signed by both parties.

The agreement will refer to the various rights and obligations each party accepts and expects from the other and amongst these will be mechanisms for dealing with who is responsible for repair, maintenance and damage. Therefore, it is important that there is a definitive document that details the extent of the property and its condition. Alongside this there will usually be an inventory.

This is compiled by the Landlord’s agent and usually paid for by the tenant. It will detail all fixtures and chattels including furniture, mirrors, mats, rugs, carpets, curtains, knives, forks and everything in between. It is usual to make a note of meter readings and, in the case of country property that is ‘off grid’ the level of heating oil in the tank, etc.

It is in both parties’ interests to have a written tenancy agreement signed by both parties and with a detailed inventory and inspection (sometimes referred to as a ‘schedule of condition’) attached. If this is not done, how will either party defend themselves against claims by the other?

At Duncan Yeardley we have considerable experience in letting and managing property for our clients and we work with excellent Inventory Clerks who provide detailed reports to protect both the Landlord and Tenant.

Contact us on 01344 860121 to speak to our lettings team.