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STUDIO HOUSE PROPERTY
PROPERTY INVENTORY
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When do I need an Inventory?
 An inventory is a record of the condition of the property and the items included in the tenancy agreement.
An Inventory is taken when a new tenant moves in.
When the Tenant moves out of the property, the Landlord can use the Inventory to check that the Tenant has taken good care of the property and left it in the same condition as when they moved in.
Both the Landlord or Agent and the Tenant should sign a copy of the Inventory at the beginning of the tenancy. This is then compared with an Inventory taken when the tenancy comes to an end. Any differences in the condition of parts of the property may then be put right and a proportion of the deposit used to pay for the works.
If it can be agreed that the only differences in the condition of the property can be put down to natural wear & tear then there would be no need to withhold any of the deposit.
These decisions about the final condition of the property should be made and agreed as quickly as possible at the end of the tenancy. An accurate and easily understood Inventory is essential in this process.
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