Inventory Competency Course

What are Property Inventory Services?

Property Inventory services are highly sought after by landlords and estate agents who require a third party to provide a detailed inventory report at the beginning and end of a tenancy.

This report examines the condition of the property at the start of the tenancy, including detailing areas of damage and the contents of the property. Comparisons are also made between the check-in and the check-out (when a tenancy ends) to see if there has been any changes to the property's condition. 

The role of Inventories with tenancy deposit schemes

Inventory reports play a crucial role in the tenancy deposit schemes, whereby landlords must hold tenants' deposits in a government-backed scheme until the end of the tenancy. The Tenancy Deposit Scheme reported that a total of £13,864,534 in deposits was disputed in 2017, demonstrating the importance of a properly-completed inventory report given that it must be viewed as acceptable by an adjudicator or court, should a claim be made

This is especially important for the UK 4.5 million households that currently rent in the private sector - an increase of 63% of households from 2007 to 2017 (data from the Office of National Statistics). For this reason it is crucial to have a professional inventory report carried out by someone who is accredited with a recognised scheme and aware of the current rules and regulations. Those with this skillset are in demand within the industry and find that this additional competency puts them in a unique position compared to the competition.