Residential inventory report
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When letting or renting a property, it is important to have a signed inventory report. A residential inventory report is essentially a list of the contents of a property. It confirms what state the property was in when the new renter began living there, which can be extremely useful in the event of a dispute with the landlord about repairs or lost items.
A residential inventory report needs to be both accurate and thorough, and so you will want to make sure that yours is handled by a high quality surveyor. The Plentific website can quickly generate a bespoke contact list of the best candidates in your local area. Comparing your options will be easy, as each Plentific Pro has a profile listing their qualifications, past projects and customer reviews. Best of all, each and every job booked via Plentific will be covered by the Plentific Guarantee.
What do you need to know about residential inventory reports?
A residential inventory report is a comprehensive list of a property’s contents, including fixtures, furnishings and defects. A landlord and their tenants will usually sign two of these: one before the tenants move in, and another just after they move out. This will let the landlord check the state of their property. If they spot any damage that has occurred during the occupancy, of if they find their belongings are missing, they can then hold the tenant accountable. A tenant can also use the report if a landlord tries to withhold their deposit over false claims.
Usually, a residential inventory report can be handled by a lettings agency, landlord, tenant or third party company. Although it is important to make sure the inventory is of a high quality, what really matters is that both parties sign it. If you fail to get the necessary signatures, the report may not be seen as legally relevant or legitimate.
Before making your final decision on who to hire, be sure to check the customer reviews of your candidates. Is their work thorough? Do they work with professionalism? Have their previous reports helped a customer resolve a legal dispute? You should also check their social media pages. If a company has been screening their reviews, any negative feedback should still appear on their Twitter or Facebook accounts. It is important to be able to trust your final choice, especially if you want to have them complete the inventory when you are away from the property.
You must also check the qualifications and backgrounds of your candidates. In addition to having successful past projects and happy customers, they should also be able to specify any apprenticeships, college courses or industry-certified qualifications that they have completed. An ideal candidate will also belong to a national trade organisation, such as the Association of Independent Inventory Clerks. These groups have extremely high entry standards for quality of work and professionalism, which makes membership a good indicator of a candidate’s standards.
The cost of a residential inventory report will depend on the size of your property, as well as the number of rooms. If your property is small, you may still have to pay your candidate’s minimum fee. An inventory report for a furnished property will be more expensive due to the higher amount of work involved. Be sure to ask for a detailed price breakdown when you receive a quote, and watch out for any hidden fees. Certain companies may try to charge a higher price by including additional services in their quote, such as a gas safety check or EPC. A good candidate will also have active Professional Indemnity Insurance to protect you if their work causes problems down the line.