An Inventory and Regular Property Inspections – Why Are They Important?
The trust between landlord and tenant is one that teeters from assured to unsure at the flick of a switch. Maintaining trustworthy relations with your tenants offers an array of benefits. From improved cooperation to better communication, it is an area that should never be overlooked or forgotten.
There are, however, times where this trust is tested. Property inspections and inventories can help to remove any doubt before, during, and after a tenancy and settle disputes with clarity.
Regular inspections and exhaustive inventories can seem time-consuming, but they are integral for all landlords.
What is a property inventory?
A property inventory is a legally binding document and helps as a reference for your tenants and yourself. This typically involves all the fixtures and fittings across your property.
From sofas and cupboards, and the wear and tear of them, to every element of your property, it creates a point of reference for both yourself and your tenants.
Why is an inventory important?
It is particularly important when a tenant is about to leave and a new tenant is moving in.
An inventory report will allow you to review the condition and contents at crucial times, such as property inspections and final inspection. It also provides a reference for your tenants – one they can sign, agree to, and therefore trust.
Regular inventories are essential for any conscientious landlord. Problems around damaged beds, door handles, wardrobes and everything in between will be quelled by this important document.
Performing a regular property inspection
In the same vein and a perfect accompaniment to your inventory, a property inspection is important for tenant and landlord alike.
Rented properties are often rife with issues. You can stop a large percentage of them developing with a regular inspection. Landlords across the UK face problems to do with illegal activity, damp and mould, smoke alarms and many more. Your inspection will allow you to understand the condition of your property, and report on it for future reference.
A property inspection cannot be performed immediately, however. You must provide 24 hours notice in writing before. Once you have agreed on a time, you can outline a number of key areas to look out for, including:
- Drains and toilet blockages
- Damp and mould breakouts
- Damage on walls, floors and windows
- General structural issues
- Check condition of fittings
- Garden and grounds inspections
- Signs of pests or insects
- Smoke alarms and carbon monoxide detectors
The combination of the inventory and property inspections can help in numerous ways. Ensure your property is safe, your tenants are living in good conditions, they are happy, and reduce your worries.