If you are a landlord, you undoubtedly have a huge amount of paperwork to deal with every day. Having to complete a comprehensive property inventory might be inconvenient, but it is a task that cannot be ignored. That is why you may want to hire a company to do it for you.
Responsibility/Culpability
Damage to a property and issues related to the maintenance of safety equipment are common sources of disputes between landlords and tenants. This can lead to penalties if you are accused of not meeting your legal obligations. A properly conducted inventory can help reduce disputes by ensuring there is a clear record of the condition of the property and its safety equipment before and during a tenant’s residency.
A clerk from a property inventory company will photograph everything in the property twice and itemise every object. They can also test equipment such as carbon monoxide and smoke detectors. This ensures you have an accurate record of the property from the beginning and can continuously measure any deterioration throughout the tenancy. This will benefit both the tenant and the landlord.
Bills/Debts
An extension of the previous point is that if a landlord does not have a proper property inventory to allocate responsibility, they may end up facing debts or bills that are not their own. The duties of many property inventory clerks include reading meters and recording the time of any transfer of keys. A report of the clerk’s findings is distributed to all the involved parties within 24 hours of recording.
Time
Agents, landlords and indeed tenants all lead busy lives with important work to do. This can make meeting deadlines and time-sensitive requirements difficult. A property inventory company will provide professional and efficient service in an objective manner. This will save time and money for all the other parties involved. Once the clerk has finished their report, they can deliver it to those concerned on move-in day and explain any details. They can also provide keys. The use of property inventory software, such as that provided by inventorybase.com, allows this efficiency to be improved even further.
Overall, hiring a property inventory company is a good way to save time and money. It allows you to meet all legal obligations and avoid disputes without inconveniencing yourself or other people involved in the move.