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	What Is An Inventory? Many people have the misconception that an inventory is just a list of a property’s contents. This is a serious misunderstanding which could cost the Landlord dearly. An inventory is a detailed record and description of a property, its condition, fixtures, fittings, appliances and (where appropriate) furnishings. A professional inventory should contain and describe everything you see and use in a property from the wall and floor coverings to power points, light switches, curtains- everything. Quite simply- if it’s not listed it’s not protected! What is TDS?  TDS- Tenancy Deposit Scheme With the new Tenancy Deposit Scheme legislation now in full force since the 6th April 2007, an inventory is strongly recommended by both government and most of the industry’s governing bodies. Although the government is yet to make a decision whether or not to make them  mandatory, an independently prepared inventory should quickly resolve any disputes that arrive at the end of a tenancy. The inventories not only list, in detail, the condition and contents of the property. The photos we take also clearly depict them and their positioning, for peace of mind that the property is indeed returned as found. Am I required to get an Inventory? No- as yet this is not a legal requirement although they are strongly recommended. ‘A random selection from the first 100 disputes adjudicated by the Tenancy Deposit Scheme for Regulated Agents clearly shows the need for independent adjudication and proper inventory and condition reports. These are the tools that remove the mountains from the molehills of deposit disputes.’ The Deposit Scheme- TDS How should my property be returned? All of our inventories contain a detailed list and instructions for the tenants. This lays out, in detail, what they are required to do before the 'Check Out' inspection is conducted (whether this is by by Landlord, Agent or Inventory Clerk). This leaves no doubt in the tenants' minds as to what their obligations are and therefore you can be sure that the property is returned as presented at the commencement of the tenancy. If this is not the case then, providing you have a full and detailed inventory in place, you can make the necessary deductions to rectify this. How should I furnish my property? This may not be necessary so check the market first before going and spending any money! Should you decide to furnish, the standard to which you decide is up to you. Most Landlords will supply the following furniture for a furnished property: Bed, Mattress, Bedside Tables, Chest of Drawers and Wardrobe (bedroom), Sofas and/or Armchairs to accommodate tenants and guests, Coffee Table, Dining Table and an appropriate number of Dining Chairs (reception). Should you decide to furnish a property you MUST ensure that it all complies with the ‘furniture and furnishings (Fire) (Safety) (Amendments) act of 1993’. Some Landlords choose to go further supplying everything from Crockery to Artwork and Kettles to TVs. Whilst this can often help maximise rent achieved you must remember that anything you provide you are obliged to maintain.

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