What is an Inventory?
An inventory is a binding legal document that provides an accurate written record of the condition and contents of a property at the beginning of a tenancy.
The preparation of a "professional" and "independently prepared" inventory is an absolute necessity to provide peace of mind for both landlord and tenant during a tenancy, and to aid in legally resolving any disputes at the end of a tenancy.
What is a Check In?
At a Check-in, an Inventory Clerk inspects the property and compares it to the inventory. Any variations seen are noted on the inventory.
What is a Check Out?
At the end of the tenancy a Check Out inspection is carried out. The inventory used for the Check Out is the one updated at Check In with any relevant comments. Notes are made on the inventory of any variations since the Check In. An inventory clerk will then list the significant differences on a Check Out report including whether these changes are Tenant charge, Landlord maintenance or Fair Wear and Tear.
