If you are a landlord or a managing agent, there is no law that says that you MUST carry out inventory reports. However, you are far better off doing so because if you don’t there can be never-ending disputes about who did what and when, and what was already damaged when the tenant moved in, at the point where the tenant moves out.
As the landlord, you have the right to claim any damages from the tenant’s initial deposit when that tenant moves out in order to carry out any repairs that may be necessary, and that is only fair enough. However, this can lead to arguments over what is “damage” and what is fair wear and tear. After all, fair wear and tear actually does exist, and if you have a tenant for ten years it is very likely that the paintwork will have deteriorated and will need repainting before you can let your property again.
Equally, if a tenant has caused damage to your property it is only right that the tenant pays for any necessary repairs. All of which is why regular inventory reports are so critical.
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