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Inventory for Tenancy Agreement

As a landlord or property manager, having a detailed and thorough inventory for your tenancy agreement is crucial. Not only does it protect you from any potential disputes with tenants, but it also ensures that your property is being well-cared for and maintained by your tenants. Here are some key things to consider when creating your inventory:

1. Start with a checklist

A checklist is an essential tool to ensure that you don`t miss any important details when creating an inventory. Make a list of all the items in your property that are included in the tenancy agreement, such as appliances, furniture, and fixtures. Be sure to also include any existing damage or wear and tear that already exists before your tenants move in.

2. Take photos

Taking photos of each item on your inventory checklist can provide additional evidence of the condition of your property before and after the tenancy. Make sure to take clear and detailed photos of each item, including the condition of walls, flooring, doors, windows, and any other fixtures.

3. Use descriptive language

In addition to your checklist and photos, be sure to provide a detailed description of each item in your inventory. This can include details such as the brand, model number, and any unique features of the item. Be sure to also note the condition of each item, including any dents, scratches, or other damage.

4. Be thorough

A thorough inventory is essential to protect both you and your tenants. Don`t overlook any items, no matter how small or insignificant they may seem. This includes items such as light fixtures, blinds, and door handles.

5. Be organized

Once your inventory is complete, be sure to keep it organized and easily accessible. Make sure you have a printed copy and also a digital copy that is easily accessible to yourself and your tenants for reference. You may also want to consider storing a copy off-site, such as in a cloud-based storage platform, to ensure it is safe and secure.

Overall, a well-prepared inventory can save you from a lot of hassle and stress in the long run. It not only protects your property but also ensures that your tenants understand their responsibilities and the condition of the property before they move in. By following these tips, you can create a comprehensive inventory that will benefit both you and your tenants.