Check Out Inventory: Why It's Critical to Landlords and Tenants
The final stage of tenancy is usually the most delicate part of the rental experience. Landlords must confirm that their property is returned in good condition, while tenants are entitled to a full refund of their deposit. Inventory management is the most crucial tool that makes this achievable. In this guide, we'll explain what a check-out inventory involves, why it's important, and how it protects both landlords and tenants. What Is a Check Out Inventory? A check-out inventory is a detailed inspection carried out at the end of a tenancy. It compares the condition of the property at move-out with the inventory and schedule of condition completed at the start of the tenancy. This process records: · The condition of the walls, floors, ceilings, and fittings. · The cleanliness of the property. · The condition of appliances, fixtures, and fu...