Home Inventory

A home inventory is not a legal requirement, so you are not obliged to obtain one. It is highly recommended that you have on conducted however.

Home inventories are relatively cheap and could save you money in the long run. They can be used as evidence in a court to settle a dispute between a landlord and tenants. If you don’t have an inventory then you are putting yourself at risk of losing money.

For home inventories to be valid they must be completed by an inventory clerk. An inventory clerk is an independent individual who can guarantee that the Home inventory created is impartial, one of the prerequisites that must be met in order for the home inventory to be considered as evidence in a court. A home inventory consists of three documents that are created by the clerk. The first is the inventory itself, this is the primary document that lists the condition of all items within a property and their condition. A check in report is produced before the signing of a tenancy agreement, which must be signed by all relevant individuals including the landlord and tenants. Upon tenants leaving a property a check out report must be created and also signed.

Some landlords choose to conduct Home Inventories themselves; this is usually a bad idea as it will be considered biased, they could miss out vital information or the tenant could refuse to sign it. Landlords who carry out inventories themselves often find that they are left with more expenses than if they would have paid for a professional one.

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