The DPS and other deposit services are great and have taken a lot of stress out of deposits for both Landlords and Tenants however once the monies there how do we get it out in a tenant dispute?
If there is damage to the property but the tenant says it was like that when they moved in! What do you do then? Well if you use an agent or manage the property yourself you should have a Independent Inventory. This does not include tick box list produced by the agents. The inventory can be provided to the DPS or other service provider along with an independent check out report as evidence. The DPS or other provider cannot argue or believe a tenant with the evidential support that 1. is independent and 2. is such high quality and detail.
Therefore use Faithful Inventories to protect your property and never have to loose the deposit back to the tenant again. See www.faithful-inventories.com or call Rebecca on 07886649559.
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Tuesday, 22 February 2011
Wednesday, 16 February 2011
Do Commercial Properties need an Inventory?
This week I've been out meeting people from lots of different businesses including Accountants and Lawyers and more and more are asking for our services in a commercial setting.
Commercial contracts on rented property will always have a clause stating that the property must be returned in the state it was given! So who is to say what that 'state' is, and how this is recorded is not as straight forward as the residential market. Massive financial disputes can occur when a business leaves a property costing Landlords or Tenants tens of thousands of pounds.
If there is a independent written, photographed and videoed account of the 'state' of the property then surely this would save a lot of argument and stop unfair court decisions being made.
We propose to work with;
1. Tenants who want to ensure they are not landed with hefty repair bills for a building given to them in a poor state.
2. Landlords who want the peace of mind of an independent account of their property and how it should be returned to them.
3. Professionals wishing to protect the interest of their clients.
CALL Rebecca to discuss this further on 07886649559!
Commercial contracts on rented property will always have a clause stating that the property must be returned in the state it was given! So who is to say what that 'state' is, and how this is recorded is not as straight forward as the residential market. Massive financial disputes can occur when a business leaves a property costing Landlords or Tenants tens of thousands of pounds.
If there is a independent written, photographed and videoed account of the 'state' of the property then surely this would save a lot of argument and stop unfair court decisions being made.
We propose to work with;
1. Tenants who want to ensure they are not landed with hefty repair bills for a building given to them in a poor state.
2. Landlords who want the peace of mind of an independent account of their property and how it should be returned to them.
3. Professionals wishing to protect the interest of their clients.
CALL Rebecca to discuss this further on 07886649559!
Monday, 14 February 2011
WHY DO YOU NEED AN INVENTORY?
Inventories are required to record the state of a property on hand over from the Landlord to the Tenant. If an accurate record is kept disputes are minimal as both parties agreed at the beginning of the tenancy the sate of the property and therefore the state to which the property should be returned in.
We have one Landlord that until he lost in court damages for £30,000 he didn't see the point in paying for Inventories. The court ruled that the tick box inventory (prepared by agents) was not an adequate recording of the state of the property and so could not find against the tenant. For £150 he could have prevented this happening to him.
Inventories can be used both domestically and commercially for all types of properties.
Our Inventories are independent and give a detailed description of the property and its contents, including colour photographs and a walk round DVD.
CALL REBECCA NOW TO GET A QUOTE OR DISCUSS YOUR NEEDS 07886649559
We have one Landlord that until he lost in court damages for £30,000 he didn't see the point in paying for Inventories. The court ruled that the tick box inventory (prepared by agents) was not an adequate recording of the state of the property and so could not find against the tenant. For £150 he could have prevented this happening to him.
Inventories can be used both domestically and commercially for all types of properties.
Our Inventories are independent and give a detailed description of the property and its contents, including colour photographs and a walk round DVD.
CALL REBECCA NOW TO GET A QUOTE OR DISCUSS YOUR NEEDS 07886649559
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