Inventories “are a must for landlords”

Landlords should be aware of the importance of completing an inventory before tenants move in.

Spokesman for the Tenancy Deposit Scheme Malcolm Harrison explained how it is “absolutely vital” that a check list is completed.

“An inventory is not just about what’s in the property; it is also a condition report,” the expert stated.

Mr Harrison described how inventories need to be signed off to show both parties agree with what state a buy-to-let property is in at the start of a rental period.

Landlords are advised completing a checklist will help to reduce the chances of a dispute about the return of the deposit at the end of a tenancy.

A recent survey carried out by Total Landlord Insurance recently revealed 65 per cent of buy-to-let owners conduct their own inventories, which is exposing them to greater risk of disputes.