My Property is unfurnished, do I still need an Inventory?
Updated: Mar 15, 2019
The answer to this is YES!
It is necessary to have an Inventory done whether your property is furnished or unfurnished. The purpose being to record the property's condition AND contents at the start of the tenancy.
A good quality report will detail the condition of walls, woodwork, flooring, fixtures & fittings, appliances and cleanliness. If you've spent a lot of money on refurbishment it's especially important to have this done in order to protect yourself at the end of the tenancy.
Worst case scenario: 'You don't have an Inventory done. You decide to go and have a look at the property once the tenant has moved out, you find the tenant has left damages including:
1. Cleaning - The property is filthy and needs professionally cleaning. Your agents cleaners can do it for £120
2. A bedroom wall is covered in blue-tack stains and a few nail holes. Your agents handyman wants £50 to repaint the wall and fill the holes.
3. Your IKEA lamp shade and a few pots & pans are missing. £35 to replace.
4. The toilet seat is hanging off - You choose to fix this yourself when you're in the area.
5. The smoke alarm is missing - £25 to replace
Total £230 in the hole.
Outcome: Subsequently, you have limited to no recourse to claim for damages or repairs via their tenancy deposit. Simply because there's no PROOF that the property was newly renovated and sparkling clean when it was received.
You have to delay the start of your next tenancy to conduct minor repairs and maintenance. You now have an unexpected tenancy void.
Your outgoing tenant is disputing the deposit deductions and decides to escalate the case to the deposit protection adjudicators. He wins and gets his full deposit back. YOU GET NOTHING!
You're now £230 out of pocket and have lost valuable time.
Best case scenario: 'You have an Inventory done'
Outcome: Everyone's happy, you have a professional Check-Out inspection done by an independent clerk at the end of the tenancy. You can prove that the property was newly refurbished and can clearly account for fair wear & tear vs damages which can be recouped via the tenants deposit. The tenant is also happy because they can see the PROOF the inspection was done by an independent body with no allegiance to either party.
Your agent notifies you of the repairs and has them done before your new tenant moves in.
Your outgoing tenants agree to the deposit deductions and the remainder of their deposit is returned within 7 days.
If your property is your most valued asset, make sure to do everything you can to protect it! You simply can't cut corners with Inventories, and as the saying goes 'You get what you pay for'.