22/03/2017
People who let out their houses privately often download an Inventory report from the internet, which requires yes/no answers to questions. This report is okay until there is a dispute then you could find it is not worth the paper it is written on.
People have an asset worth hundreds of thousands of pounds, with a potential of earning thousands of pounds in rental and do not cover their interest properly..
It is astonishing that people can still potentially take these risks by not having a detailed Inventory report, which would cost in the region of of £55 - £85.
The report covers all aspects of the house, including furniture and fittings and is supported by numerous photographs.
There is also a Government Scheme which now holds deposits from Tenants which should be returned to them at the completion of the tenancy. If there is any dispute with returning the deposit because your property has been damaged in any way then you will find you need a detailed Inventory report to enable the arbitrator to make the correct resolution. Don't get caught out when it is too late!
