Inventories are very detailed reports on the state of your property taken as a snapshot in time before new tenants move in.
Inventories are the landlord's protection. When a tenant moves in and pays their deposit into a government-backed tenancy deposit scheme, it is the property inventory that both the landlord and the tenant use at the end of the tenancy to resolve any disputes and negotiate the return of the deposit.
Your tenants sign the professionally created inventory to say they accept the condition of the property as it is when they move in.
Deposits are kept, by law, inside tenancy deposit schemes and at the end of the tenancy your inventory clerk makes a return visit to your property to repeat the inventory process.
At this point both the tenant and the landlord can see how the property has changed during the tenancy and the landlord can decide if they need to use any of the deposit to make repairs or changes to put the property back to its original condition.
Example inventory - highly detailed, typically 20 - 30 pages long and put together by trained professionals who know what to look out for inside properties.
Inventories are vital in protecting both the landlord and the tenant when interfacing with tenancy deposit schemes. The inventory is independently and objectively created and is signed by the landlord and the tenant making it a legally binding document.
Moor Inventories' documentation is all set up to be legally binding and it is important to ensure your inventories are created by independent clerks to avoid bias.
How Moor Inventories Works
Inventories are always conducted in person. When contacted we let you know the soonest available time that we can visit your property. During an inventory the clerk makes an overview observation of the property as a whole, visits every room, tours the gardens and any outbuildings and records in a finite detail the state of the property.
This information is then professionally typed and presented in a letter headed, printed and emailed document for signing by the tenant and landlord. Images of your property are also embedded into your document for an accurate visual reference.
When the tenant is ready to move in, our clerk visits again to formally check-in the tenant. This allows the tenant time to review the inventory with the clerk to fully understand it before signing it. This also ensures any changes that may have occurred to the property between the first inventory and the move-in date are recorded.
When it is time for your tenant to move on, we check out the tenants as well as making another full assessment of the property and identifying where there are changes against the original inventory for which charges may apply.
Inventory clerks also check the property's gas, electric and water meters to record readings at the start and end of tenancies.