Every landlords’ worst nightmare

Nov 3rd 2009

Property damage, cleaning costs, missed rental payments, furniture damage…

The majority of landlords take an inventory and collect a deposit to safeguard their investment against these nightmare scenarios. You must be aware of the following facts:

FACT: You must protect your tenant’s deposit in a government-approved scheme if you let in England and Wales.*
FACT: The full deposit is returned to the tenant unless you can demonstrate otherwise.
FACT: You must provide evidence of the breach of contract to withhold any amount of the tenant’s deposit.

 

Landlords and tenants usually agree on the amount of deposit returned. However, if it escalates to a dispute then you must provide sufficient evidence to prove the tenant’s wrong doing and reclaim the money.

 

FACT: A poorly prepared inventory that misses key evidence will make claiming what is rightfully owed to you difficult.

An inventory should provide this evidence and is a crucial part of any letting agreement.

Homematch complete inventories on our managed furnished properties that are;

 

Systematic

Descriptive

Photographic

 

However, the landlord must be aware, that they must have evidence of purchase & the date of any items in the property or the work completed as a result of damage.  Plus this damage must be proven by a signed invenotory beforehand and any deviations from that inventoory when the tenant moves out.