section-21 - Blog
May
1
2013

Some Tips For Landlords In Great Britain

5180e2ba006aa01052013.jpgLandlords in the UK will be required by law to put all deposits for shorthold tenancy into a government endorsed program, but not otherwise use the funds. Once the tenancy finished, a decision must be made when it comes to the amount of money deposited, for instance, when there is damage to property the landlord can keep the money. If there is any question about this, next strong evidence of the condition of premises along with its accessories might be required from the property owner.

The best way to offer this evidence is via a comprehensive inventory plus schedule of property condition using appropriate pictures. Carrying out a comprehensive inventory requires a detailed eye plus a practical approach. In the UK, landlords may use inventory clerks as well as agents that may do that job for them. However, with practise, it will be easier to produce a satisfactory record.

Some tips to make a proper property inventory:

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Make general notes in regards to the residence involved by walking and examining it.
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Record all the major features and typical particulars like "all windows are beige plastic double glazed", "the walls are plain painted magnolia throughout".
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It can be useful to perform the recording in a meaningful and logical way per area. You can progress from one room to the other then take note of the condition of each area as you walk through the property.
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Do not forget outlets, meters in addition to other such characteristics.
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If you see existing damage on things like furnishings, write it down in a thorough way, for example exactly where the damage is located.

Be meticulous. The more you write down, the more useful this can be. This could mean to write down age, style plus whatever additional details of something. You'd be stunned how many renters may steal inventory, ranging from furniture to televisions, and you need to give information regarding the things you own. Click to find more.

While performing the inventory, you'll want to make pictures on top of that so you will be able to record everything in a lot better detail. It is in addition very easy to document damage that is already there for instance stains and scrapes on items, that'll protect the renter's interests.

Make sure you log the readings with regard to gas along with utility meters just before the tenancy commences, this is often helpful as well. You should do this also when the tenancy concluded and then have the tenant sign the report.

Once they move in, walk through the stock together with the renters and have them sign the correct box on the last page acknowledging the current state. Ensure that things are all signed appropriately without neglecting anything important.

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