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Property Inventory: Who should prepare the inventory report?

Property inventory, why it is so important?
The property inventory is a catalogue of the property and its’ contents – containing record of the property’s condition and any items that are included in the tenancy. This is essential protection for both the landlord and the tenant. It is part of the legally binding contract that is set out in the tenancy agreement between the landlord and the tenant. It can be used in a court of law as evidence in the event of disputes between landlords and tenants.
Reasons why property inventory is important for landlords and tenantsIt provides both parties with the details of the current condition of the property.It will highlight any areas that needed to be fixed before the tenant moves in.It will help protect both the investment of the landlord and the deposit of the tenant.
Who should prepare the property inventory report?
For years, the property inventory has been written by landlords. Some landlords got away with just a fe…

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