The importance and need of a property inventory

The Importance and Need of a Property Inventory A property inventory is an important part of renting your property. Renting a property without a deposit and a property inventory is an invitation to problems. No landlord will even think of renting a property without a deposit, but the absence of a proper property inventory may leave a landlord on the willingness and mercy of a tenant.

In Cambridge, the trend of putting an investment property for rent is on the rise. The need for awareness and information for hiring an inventory clerk in Cambridge to create a thorough property inventory is critical. The best course of action to avoid any potential problem is gaining the understanding of meaning and working of property inventory.

Meaning of property inventory A property inventory is a document that describes the property condition and includes the photographs and description of the property. It records the condition, decorations and cleanliness of the property. It differs from check in and checks out. Check-in contains the actual observation and requested changes by a tenant as compared to the property inventory and contains its signature. Check-out document is similar to check-in except it's signed and dated when a tenant moves out and it contains the description of damages if any.

Need a professional to make property inventory A professional clerk will be experienced in inventory creation, so workmanship will be better as compared to an inventory made by a landlord. Also, in case of a dispute, the words of a professional will lend weight to your claim.

A property inventory is the best way to maintain a healthy relationship with your tenant. Make sure to include the invoices and the signed copies in your record to counter any future problems. Make sure that all the related documents are signed by the tenant, close to start and end dates of tenancy.