FAQs
How inventory report benefit landlord and tenant?
A Property changes within the cycle of the tenancy regardless how well the tenants look after their residence, therefore it will not be in the same condition as it was at the beginning.
There are two categories of damages to the property, those that count as fair wear and tear to fixtures and fittings and those which have been caused by tenants’ carelessness, misuse or negligence.
In order to create a clear distinction between these two and have a transparent process of refunding the deposit at the end of the tenancy, it is important to have an initial, comprehensive inventory report conducted.
What includes the inventory report services?
The inventory report includes the following services:
· A detailed recording of the overall condition of the property at the start of the tenancy.
· A detailed record of condition of all the fixtures and fittings, contents and decoration.
· Our Inventory and Meter Readings or Inventory and Check-in offer recordings of meter readings, taken just before the tenancy starts.
· Overview photos of each room as well as conditional photos for items that appear damaged or valuable.
· Descriptive and conditional comments for each room and an outline floorplan of the property.
· Certain packages include meeting the tenants and checking them in to the property / handing over the keys.
· Obtaining tenants’ agreement to the record of condition.
What is a Check’-out report?
At the end of the tenancy, we are usually instructed to conduct a Check-out report, which is a point by point examination of conditional differences from the Inventory & Check-in report, coupled with photos showing the changes. It benefits both landlords and tenants for the inventory to be executed well. In case of a deposit dispute, the involved parties, the adjudicator or a Court need to be able to clearly compare the condition of the property from the start to the end of the tenancy. Inventory and check-out reports conducted by us are detailed and comprehensive, thus creating a clear distinction between the condition of the property at the start and at the end of the tenancy helping to identify who should be responsible for the damages.
Why choosing an impartial inventory company is important?
There are always different points of view in a tenancy. We understand the investor’s goals of high yield and the importance of minimising the void and the tenant’s need for transparency. The presence of a detailed and comprehensive inventory ensures a transparent process for all parties. Inventarios Ibérica is an independent third party. We work alongside agents, but are not part of their in-house team. We always aim to be fair and objective, whether instructed by the landlord, tenant or agent.
We are responsive to observations during your property health check, which allows for straightforward arbitration.
Fair, Wear & Tear understanding of the afflictions your property faces, enables us to offer suggestions and liabilities based on the principles of betterment and apportionment.