Landlord Property Inventory

Landlord Property Inventory Part 1

The secret to a good inventory is accuracy and adopting a thorough and methodical process. Most landlords undertake their own inventories and likewise manage their own properties. For those that choose to have their properties managed, the agents will organise or instruct property inventory clerks to carry this out on their behalf.

Allocating ample amount of time to a property (the bigger the property, of course the more time is needed to complete the task) is imperative. Rushing through things will lead to silly mistakes and sometimes gross errors. Remember that this report is a crucial part of a tenancy especially in cases where it is relied upon as evidence in legal proceedings.

Having a comprehensive well set out form goes a long way. It will avoid you missing out points or remind you of things that you may not have thought of.

Investing in a management system or inventory system is ideal. These systems will normally have all the forms that you will ever need and also has the capability of storing the data you input for when the check in or check outs are done then the inventory can simply be referred to at a click of a button. This is also a great idea when doing the inventory again and again per tenancy. You can simply update or amend the original inventory after every tenancy.

Benefits of doing a property inventory yourself:

• Minimal cost


• Takes less time as the Landlord knows the property contents and condition of items/furnishings/property itself.


• Amendments will be minimal but if there are any, this can be done immediately to the report.


• There is no need to make arrangements, stick to appointments and liaise with agents/tenants

Benefits of getting a property inventory outsourced:

• The report will be impartial.


• No conflict of interest should the report be relied on as evidence during legal proceedings.


• Less hassle as the work will be done on your behalf


• The report should be more qualified as professional clerks would have undertaken it.

To be Continued...