Recent years have seen a dramatic growth in the UK rental market, linked directly to the various difficulties faced by those trying to get on the property ladder and an economic recession. The importance of having an accurate and clear Inventory Report from an independent professional can not be overstated - it is a legal document, forming part of the Tenancy Agreement and is elemental in resolving disputes and ensuring peace of mind, protecting the interests of the Landlords and Tenants alike.
An Inventory Report is more then a list of property contents, it is a complete and accurate record of the condition of the property and its contents on a certain date.
As your rental portfolio grows, you will need the services of an experienced and efficient Inventory Clerk to make your job easier. Prism Consulting will provide hard copy reports in a clear format within forty eight hours of the instruction, whether for an initial Inventory, Check In or Check Out.
Under the Tenancy Deposit Scheme, it may soon be necessary for a clean copy Inventory to be provided at the start of each Tenancy. Prism Consulting can assist with a remake or retype, as required.
Only approximately 30% of rental properties are let through an Agent, meaning that many Landlords are managing the process themselves. It is essential that you commission the services of an independent Inventory Clerk to ensure a completely thorough, impartial and accurate property report. There are risks in using your own Inventory through lack of knowledge of what needs to be recorded.
In addition to compiling the initial Inventory Report, Prism Consulting will attend each Check In to ensure the correct recording of the condition of your property and its contents and take accurate meter readings. At Check Out, the property will be checked against the Check In report, meter readings taken and keys returned. Prism Consulting will assess dilapidations, taking into account fair wear and tear.
Please contact Prism Consulting for more information and friendly advice.