Why you need an inventory
A good inventory will help protect both landlords and tenants
A well-prepared inventory protects landlords and tenants alike, providing an accurate description of the condition and contents of a property at the start and end of a tenancy. The Tenancy Deposit Scheme came into effect on 6th April under the Housing Act 2004. It is now a legal requirement that all landlords or agents that hold a tenants’ deposit under an Assured Shorthold Tenancy will need to participate in a Tenancy Deposit Scheme. This is to help resolve disputes and protect against landlords or agents who withhold deposits without justification.
All of the schemes require a full inventory. If a deposit return ends up in dispute, the judge will look more favorably on an impartial inventory prepared by a third party, such as NCL Inventories, unconnected to either the landlord or the tenant. Inventories prepared by landlords or agents could be viewed as biased and one sided. There are two types of scheme on offer, both of which offer dispute resolution services:
A well-prepared inventory protects landlords and tenants alike, providing an accurate description of the condition and contents of a property at the start and end of a tenancy. The Tenancy Deposit Scheme came into effect on 6th April under the Housing Act 2004. It is now a legal requirement that all landlords or agents that hold a tenants’ deposit under an Assured Shorthold Tenancy will need to participate in a Tenancy Deposit Scheme. This is to help resolve disputes and protect against landlords or agents who withhold deposits without justification.
All of the schemes require a full inventory. If a deposit return ends up in dispute, the judge will look more favorably on an impartial inventory prepared by a third party, such as NCL Inventories, unconnected to either the landlord or the tenant. Inventories prepared by landlords or agents could be viewed as biased and one sided. There are two types of scheme on offer, both of which offer dispute resolution services:
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Custodial Scheme
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Insurance Scheme
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In both schemes, dispute resolution is evidence based – no-one will physically inspect the property. It is therefore essential to have detailed inventories alongside check-in and check-out reports. Without this evidence, landlords stand little chance of winning the dispute.
If a deposit is not protected and the tenant is not informed of which scheme it is protected under, there are consequences for the landlord, including hefty fines. Tenants, landlords and agencies alike should protect themselves and their money by asking for an independent inventory to be carried out.
How we can help
At NCL Inventories we aim to make sure that the relationship between tenant and landlord begins the right way by providing an assessment of the condition of a property and its contents that both parties can agree to.
The detailed inventories that our expert clerks produce guarantee that disputes between landlord and tenant over damage or defects at the end of a tenancy are rare. If a dispute arises, it can be settled quickly and easily by reference to our work. If there is no inventory taken, however, that safeguard is lost. It is almost impossible to recover costs of damage that exceeds the value of the retained deposit when there is no record of the state of the property or its contents at the start of a tenancy. Even retaining the deposit can lead to a tenant taking you to court for its recovery. Why take the risk?
Contact us now for a comprehensive quote or to book an appointment.
If a deposit is not protected and the tenant is not informed of which scheme it is protected under, there are consequences for the landlord, including hefty fines. Tenants, landlords and agencies alike should protect themselves and their money by asking for an independent inventory to be carried out.
How we can help
At NCL Inventories we aim to make sure that the relationship between tenant and landlord begins the right way by providing an assessment of the condition of a property and its contents that both parties can agree to.
The detailed inventories that our expert clerks produce guarantee that disputes between landlord and tenant over damage or defects at the end of a tenancy are rare. If a dispute arises, it can be settled quickly and easily by reference to our work. If there is no inventory taken, however, that safeguard is lost. It is almost impossible to recover costs of damage that exceeds the value of the retained deposit when there is no record of the state of the property or its contents at the start of a tenancy. Even retaining the deposit can lead to a tenant taking you to court for its recovery. Why take the risk?
Contact us now for a comprehensive quote or to book an appointment.
For your peace of mind we are insured for both
public liability and professional indemnity
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New carbon monoxide and smoke alarm regulations come into force. Click to find out what this means for you.
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Written and detailed inventory reports are still better than photographs and video at adjudication.
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Want to find out more about the services we provide and areas we cover? Download our brochure below.
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Get in touch:
Offices at: 46 Willowbank Road, Aberdeen, AB11 6XL and 61 Craigpark Circle, Ellon, Aberdeenshire, AB41 9FJ T: 01358 720 168 M: 07703 477 245 |
NCL Inventories is a trading name of NCLProperties Ltd,company number 306935,registered address 28 Broad Street Peterhead Aberdeenshire AB421BY