The Tenancy Deposit Scheme (introduced in 2007) requires Landlords to ‘prove their case’ regarding any deductions from a tenant’s deposit following any disputes on vacation of the tenancy.
The legislation is designed to protect tenants prior to the commencement of any dispute resolution or court action and, under the terms of the scheme, adjudicators review all relevant documents, including inventory reports, before any decision is made regarding any liabilities due.
Whether you have a sizeable portfolio or let just a single property your investment needs to be protected. Documentary evidence – i.e. a professionally prepared inventory report – of any damages or breakages that occur during occupancy is the most effective way to avoid a potential dispute, with your tenants having agreed and signed for the specific condition of your property and its contents before they begin their tenancy.
Tenants need to understand that they will be held responsible for the cost of any damage, necessary repairs or renewal beyond normal wear and tear. A comprehensive inventory report is the ideal tool to encourage best practice by tenants in occupancy and protect the landlord from prolonged legal action.
Information about the Tenancy Deposit Scheme can be found on the following websites:
The Deposit Protection Service
The Dispute Service